Foreclosed and Distressed Investment Properties in Lustica Bay, Montenegro
Lustica Bay, is a purpose-built luxury resort town located on Montenegro's Adriatic coast, and more exactly situated on the Lustica Peninsula.
The luxury real estate options available are attractive to private buyers and real estate investors, plus the location being close to Boka Bay, the town of Tivat, and a 10-15 km trip to Tivat Airport, all adds to the attractiveness of the resort.
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.
