{"id":18214,"date":"2022-04-25T15:30:05","date_gmt":"2022-04-25T15:30:05","guid":{"rendered":"https:\/\/www.lakehomes.com\/info\/?p=18214"},"modified":"2025-01-21T09:00:54","modified_gmt":"2025-01-21T15:00:54","slug":"whiteboard-topics-busting-3-myths-about-lake-house-foreclosure","status":"publish","type":"post","link":"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-busting-3-myths-about-lake-house-foreclosure","title":{"rendered":"Whiteboard Topics: Busting 3 Myths About Lake House Foreclosure"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Whiteboard Topics: Busting 3 Myths About Lake House Foreclosure\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/BXzQaSm_PTs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Buying a foreclosed home may sound like a great idea in theory, but the process may not turn out the way you expected. Lake Homes Realty\u2019s CEO, Glenn Phillips, busts three myths about lake home foreclosures to help settle your expectations.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>You can \u201cGet a Deal\u201d<\/strong>: With the market at an all-time high, foreclosed homes won\u2019t be selling as low as they would if the market was down. Banks may even turn a profit after listing a foreclosed home because of the demand for property.<\/li>\n\n\n\n<li><strong>Foreclosures are Up!<\/strong>: Foreclosures may be common in other real estate sectors, but it\u2019s rare to see them at the lake. The general population that owns lake homes is older and more financially stable.<\/li>\n\n\n\n<li><strong>Banks Will Discount Foreclosures<\/strong>: Again the demand for lake property is so high right now, that banks don\u2019t need to discount foreclosed homes. The home market is not crashing, and as we mentioned, banks could likely make a profit off the homes they have in their possession.<\/li>\n<\/ol>\n\n\n\n<p>You know what they say: if it sounds too good to be true, it\u2019s usually because it is. Before you begin your lake home foreclosure search, you need to know the truth about these properties!<\/p>\n\n\n\n<div class=\"_form_187\"><\/div><script src=\"https:\/\/lakehomes.activehosted.com\/f\/embed.php?id=187\" charset=\"utf-8\"><\/script>\n","protected":false},"excerpt":{"rendered":"<p>Buying a foreclosed home may sound like a great idea in theory, but the process may not turn out the way you expected. Lake Homes Realty\u2019s CEO, Glenn Phillips, busts three myths about lake home foreclosures to help settle your expectations. You know what they say: if it sounds too good to be true, it\u2019s usually because it is. Before you begin your lake home foreclosure search, you need to know the truth about these properties!<\/p>\n","protected":false},"author":40,"featured_media":18215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15429,12062,3],"tags":[6948,12462,15776,155,154,7309,20,139,12461],"class_list":["post-18214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ceo-insights","category-for-buyers-advice_and_tips","category-advice_and_tips","tag-buyer","tag-buyers-advice","tag-ceo-insights","tag-foreclosed-homes","tag-foreclosures","tag-lake-home-buyers","tag-lake-homes","tag-lake-real-estate","tag-tips-for-lake-home-buyers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Whiteboard Topics: Busting 3 Myths About Lake House Foreclosure<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-busting-3-myths-about-lake-house-foreclosure\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whiteboard Topics: Busting 3 Myths About Lake House Foreclosure\" \/>\n<meta property=\"og:description\" content=\"Buying a foreclosed home may sound like a great idea in theory, but the process may not turn out the way you expected. Lake Homes Realty\u2019s CEO, Glenn Phillips, busts three myths about lake home foreclosures to help settle your expectations. You know what they say: if it sounds too good to be true, it\u2019s usually because it is. 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