Both previous answers were great. Bottom line is that the market is crazy, and you need to be represented by a Buyers Agent experienced in foreclosures (raising hand).
We have had lots of experience negotiating the waters of short sales, pre-foreclosures, and foreclosures.
While not good news, the fact is that there are lots of other foreclosure opportunities coming on line in upcoming months, including several builders spec homes.
If you're interested in discussing further, please feel free to contact me. 734-678-9032
A good agent in your area would be a good start. Are you working with one already? From what you have said this house may already be directed to a REALTOR for marketing. You should really consider having a Buyers agent to represent you, the Listing agent will be interested in getting the most for the house fo rthe bank. In our area we have seen foreclosures going for full list price and sometimes more through a flurry of offers. Buying forclosures can be a tricky thing and being the succeeding offer can be tough no to pay too much for a property in a market like ours. A couple of my local Ann Arbor co-workers have answered but I can not imagine they know where you are or they would have not offered their services so readily. If you need for me to point you in the direction of a good local REALTOR for your area please feel free to contact me. Your zip code shows me you are in the K-Zoo/Portage area, is that correct?
I wish you well in your quest for information.
Todd Lands, Associate Broker
734/ Mi-LANDS (645-2637)
I agree with Mr. Bundesen. However, in my experience, you will need to draft your offer package with the assitance of a Solid Gold Experienced Proffessional in dealing with Corporate entities.... I have not yet met a bank that does not want a buyer! If you have not contracted a buyer agency agreement with a Real Estate Professional... I would encourage you to call me today, and let's go take a look at this home right away, and begin to contact the assett manager at the Bank, and let them know you have a buyer. We can pull a Pre Title Package and find out who the owner of record is, and I have the numbers for most of the assett managers.
Please feel free to give me a call this morning. I am working hard today, and will be available this weekend to meet with you.
Make it a great day! You can also visit my Blog here at Trulia, or at
If it has not gone to sherif sale yet ..................... any one can bid on the home at sherif sale and highest bid wins the home. There will still be a redemption period where the owner gets a chance to come up with money owed. However if the bank has already bought it at sherif sale then...........probably not. However, I would find an good agent in area who knows how to deal with these situations. I have known people to buy them from the bank before it hits the market.