Foreclosed and Distressed Investment Properties in Sri Lanka
Sri Lanka is an island nation located in South Asia, in the Indian Ocean.
It lies just southeast of the Indian subcontinent, separated from India by the Palk Strait and the Gulf of Mannar.
Sri Lanka is positioned south of the state of Tamil Nadu in India and north of the equator, giving it a tropical climate year-round.
Its strategic location along major Indian Ocean shipping routes has historically made it an important center for trade between East Asia, the Middle East, and Europe.
The country's coastline surrounds a diverse interior of plains, hills, and central highlands.
Popular areas of Sri Lanka 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.
