Bank Owned Properties in Greater Providence

Congratulations! You have just taken the first step towards being among the first to know about Shortsale, Foreclosure, and other Bank Owned Properties in the Greater Providence Rhode Island area.

Within the next business day, we will add you to our system to receive instant notifications as soon as a new bank owned or shortsale property is listed for sale in Providence and the surrounding area. You will instantly receive an email notification whenever a new shortsale or bank owned property comes on the market. When you click on the link in the email notifications, it will lead you to your personal Rhode Island MLS portal where you can browse all the properties that have been sent to you based on the Bank Owned and Shortsale Listings category.

Shortsale and Bank Owned Properties might not be for everyone. Also, you may only be looking for shortsale and bank owned property listings in Providence or a specific area just outside of Providence. We would be happy to chat with you about your specific search goals and put together a personalized property search just for you.

Fill out the form below tell us a little about what you’re looking for and schedule a time to chat about your property search, and we’ll get started on your own personalized property report right away.

Personalized Property Report

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Bank Owned Tips and Tricks:

  • Cash is king. If you can buy with cash (not requiring a mortgage) you’ll be in position to take advantage of the best deals available in the Foreclosure and Shortsale Markers.
  • Cosmetic issues are an investor’s friend. When buying bank owned and shortsale properties, cosmetic deficiencies help keep competition for a property down while providing an opportunity for an investor to improve the property for quick equity gain at a relatively low cost.
  • Beware of over paying for properties in need of major repair. Sometimes, the most attractive distressed properties are the ones priced the lowest. Many inexperienced investors see the potential resale value and overlook the cost to get the property into a position to go after the top market value.
  • You have to be patient. Taking the time to research a property, let your Realtor do some homework on the market, and being patient enough to let the ones that aren’t quite right go makes all the difference between being successful and losing your money.

Foreclosures and Shortsale Alerts! has been provided by Stephen Perrino. Stephen is a professional, full-time Realtor Perrino Properties Logo 1800x1200with PAIVA Realty Group and has helped many people buy and sell homes throughout the entire Greater Providence area for many years! If you are in the market to BUYor SELL a home, he would love to connect with you and can be reached via email at [email protected] or by phone at 401-206-8907. 

Steve Perrino

Are you thinking of selling your home? I’m very good at marketing homes to sell quickly, and for more money. If you’re a first-time home buyer then you’ll be in good hands. I’ve helped countless first-time home buyers through the entire process of buying that first home! I have a real passion for helping folks buy
and sell homes here in the great state of RI and I would love to connect with you!

I help people buy and sell real estate in the following Providence area cities & neighborhoods: Cranston, Providence, Warwick, East Side of Providence, East Providence, West Warwick, Scituate, Johnston, East Greenwich, Exeter, West Greenwich, Smithfield, Lincoln, North Providence, Pawtucket, Barrington, Tiverton, Newport, Jamestown, North Kingstown, Narragansett, Charlestown, Hopkinton, Warren, Coventry, Richmond, South Kingstown, Middletown, Portsmouth, Little Compton, Cumberland, Western Cranston, Garden Hills, Glen Hills, Woodridge, Hope, Garden City, Potowomut, Warwick Neck, Alpine Estates, Knight Farms, Dean Estates.

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