Agents are obligated to disclose known defects or problems with any real estate property, irrespective of them being the listing or buying agent. But that said, REOs are in a situation that the owners have no knowledge of the property and the Real Estate Agent, would only know what they themselves have seen. I would always have an inspection done, as there are always things that are unknown with REOs.... more
It's going to be more than a few years before this market turns around, and well beyond that before we see real estate hit the prices they hit at the peak of the market. I would suggest you do a short sale and keep foreclosure off your credit. This will also give you a fresh start. Please call us directly to discuss your specific situation. Our services are FREE to homeowners. We look forward to hearing from you.
Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states... more
There are draw backs and benefits to every type of Real Estate transactions, The best thing to do is find a Real Estate Professional you feel comfortable with and one who know there market area well, REO properties (foreclosured properties) can be a great buy unlike Short Sales that take 60 to 90 minium to negociate, Foreclosed properties are owned mostly by the bank, they can respond to offers in 3 to 4 days and close as normal. FSBO I am a firm believer why pay for a service if you have the knowledge and experiance yourself, however that is not always the case in FSBO's do make sure you have good representation.... more