You are going to here all different answers to this question, the best advise I can offer is for your best interest and peace of mind please talk to a Real Estae Attorney. Every person situation is different when it comes to this market. It may cost you a few $ but this could be the best money you spend.Good luck... more
Most foreclosed properties are in a mess because the previous homeowners intentionally left it that way and the banks that own these properties are not going to spend more money cleaning the place up. Your best bet is to advertise your services to everyone or team up with real estate agents and ask to have your company included as a referral to new homeowners of foreclosed properties. Good luck!... more
Best way to buy an REO:
~If financing have full approval letter with a Nationally recognized Bank.
~Be prepared to offer market value for property (remember market value is the great value as LV is discounted 50-70% from 2003, 2004, 2005)
~Pay your own closing costs to help compete with other offers and give you an additional edge.
~Make offers on a few REO at the same time.
~Work with agent that is attentive to move fast for you.
Above are just a few tips....
I help buyers get the home that makes them happy and I do specialize and have access to all REOs.
Thanks much and have a great day!
Julia at Realty One :)
Please feel free to contact me at 702-355-H-O-M-E (4663).... more