Mammoth Lakes Foreclosure Properties

Mammoth Lakes, California Foreclosures

Foreclosure opportunities in Mammoth Lakes are limited and the best values go quickly, often with multiple offers. To compete for on these great deals, I track the inventory and stay aware of the upcoming foreclosures.  

  • It is much easier to purchase foreclosures than short sales. Typically you can get a response back from the bank rather quickly whereas a short sale could take months.
  • Typically foreclosures sell for close to list price. Do not expect to get a huge discount from the list price unless it has been on the market for an extended period.
  • Banks typically will not deal with you if you have not been approved for a mortgage or cannot show proof of funds.
  • You can buy foreclosures with the right to inspect. The number of days to inspect varies.

    Click Here for Foreclosures in the Mammoth Lakes MLS

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