Foreclosed and Distressed Investment Properties in Lombok, Indonesia
Lombok is an island located in West Nusa Tenggara province, Indonesia, east of Bali separated by the Lombok Strait, and west of Sumbawa Island.
The Indonesian government has designated Lombok as a "priority tourism destination", often referred to by many as the "Next Bali."
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
