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DISTRESSED HOMES

Distressed properties are a type of real estate that is being offered for sale because of an impending foreclosure or repossession.

Distressed property real estate refers to properties that are in poor condition or facing financial difficulties, often leading to a significant reduction in their market value. These properties may be in foreclosure, owned by a bank or lender, or sold by the owner at a loss due to financial hardship. Investors often target distressed properties for their potential to be purchased at below-market prices, with the goal of renovating and reselling them for a profit or renting them out for income. While investing in distressed properties can offer substantial rewards, it also involves risks such as hidden repair costs, legal complications, and market volatility. Successful investment in distressed property requires careful research, due diligence, and a solid understanding of the real estate market.

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MICHAEL FORKAS | CA DRE# 01730105

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Led by Michael Forkas, a seasoned real estate developer, Forkas Home Team offers a client-centric approach. Their innovative strategies and focus on client satisfaction set them apart. They guarantee to sell your home within a set timeframe and price, or they will buy it themselves at an agreed price.

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