I am happy to report that buying a Power of Sale has become much safer. Many of my Buyer clients have been worried that the original owner of the property may block the closing of the home. With prices on the rise it is easier to find money to "redeem" the mortgage. Newer legislation, has made this less of a concern. If the bank accepts a condition free offer from a Buyer, The original owner can no longer prevent the closing or redeem the property.
If you would like to see more infprmation, check out Mark Weisleders website at: www.markweisleder.com.