Foreclosure in 07042 : Real Estate Advice

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Carl Ben Wit…, Real Estate Pro in Upper Montclair, NJ
Carl Ben Witzig answered:
How do we go about purchasing a forclosure property? Do we still use a Realtor? If the property is owned by a bank, will the process be the same?
Monique,
The bank owned props are listed with a broker who uses an MLS to maximize exposure and get as many offers as possible. Use any agent who will give good service, (not easy some ... more
0 votes Share Flag Sun May 15, 2011 Foreclosure in 07042
Cristie Berg,  in Orem, UT
Cristie Berg answered:
what is the difference between an real estate agent and broker?
It really does depend on which state that you are talking about. In Utah an agent completes 90 hours of classes and a broker completes 150 hours and has minimum experience requirements ... more
0 votes Share Flag Fri Feb 11, 2011 Foreclosure in 07042
Cristie Berg,  in Orem, UT
Cristie Berg answered:
Looking to put a bid on a luxury home that was forclosed after 15 months on the market. The bank has owned
The answers provided provide good counsel. I would like to answer your question from a little different angle because I think you were asking how to make your offer more appealing with ... more
0 votes Share Flag Fri Feb 11, 2011 Foreclosure in 07042
Carl Ben Wit…, Real Estate Pro in Upper Montclair, NJ
Carl Ben Witzig answered:
place back up offer realtor said bank did not sign What does it means?
Could you write a complete sentence please? Looks like your question was cut off, as it starts with the word place, not capitalized. Should there be a comma after "offer"? A p ... more
0 votes Share Flag Sun May 9, 2010 Foreclosure in 07042
Carl Ben Wit…, Real Estate Pro in Upper Montclair, NJ
Carl Ben Witzig answered:
What are the procedures in new jersey after a sheriff sale?
And before the 10 day redemption period, the bank usually buys the house for what is owed on it, technically the foreclosure and passing of title to the bank. Why do you ask, prey tell?
0 votes Share Flag Sat Jan 16, 2010 Foreclosure in 07042
Harrison K.…, Real Estate Pro in Irvine, CA
Harrison K. Long answered:
Is a backup offer on a foreclosed (bank owned) property worthwhile?
Some people will say it's a waste of time to place a backup offer on a home that is under contract and in escrow. That depends. If you have a solid down payment of at least twent ... more
0 votes Share Flag Fri Aug 21, 2009 Foreclosure in 07042
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