Foreclosed and Distressed Investment Properties in Kotor, Montenegro
Kotor is located in southwestern Montenegro, in the Bay of Kotor (Boka Kotorska), known as a historic UNESCO World Heritage site, and is seen as having one of the most beautiful natural harbors in Europe or anywhere in the world.
Due to its fame and natural beauty, with The Bay of Kotor being called the "southernmost fjord in Europe, Kotor is as a result one of the most visited towns in Montenegro, with high levels of tourism fueling the proprty rental market, and wealthy individuals looking for luxury real estate for sale.
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.
