Foreclosed and Distressed Investment Properties in Panama
Panama is located in Central America on the narrow isthmus that connects North America and South America, with borders of Costa Rica to the west, Colombia to the southeast, as well as having the Pacific Ocean to the south and the Caribbean Sea to the north.
The Panama Canal is a world famous and very important shipping route that links the Atlantic and Pacific Oceans, providing a unique trading avenue for the entire world.
Pamana is also a very well trodden location for real estate investors and high-net-worth buyers of luxury real estate who are always looking for opportunities in an important zone for business and trade.
For the international economy as a whole, Panama has one of the most stable and service-oriented economies in the region.
Popular areas of Panama with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
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.
