Foreclosures are offered for sale by real estate brokers.
You should and will need to work with a real estate agent to present a purchase offer.
You can call the bank directly if you want to open a checking account.
Best of success,
Annette Lawrence, Broker/Associate
Palm Harbor, FL
Foreclosures, present only 2 parties during the decision process. The bank has does have incentive to sell. For these reasons forclosures may be easier.
Short sales, have 3 parties (seller, bank, and the buyer). More parties, less fun. What happens in Short Sale is that the the bank and the seller enter into an agreement to sell the home at a lower price to prevent a foreclosure. However, the bank will want to try and recoup their loss. If at anytime they feel they can get a better price, they will pull the deal.
If you have patience and strong constitution you can try either of these buying methods, but I do recommend hiring a Buyers Agent to help smooth process and handle most of the detail.
Hope this helps you understand a little more.
Aryl & Pati Robison
The Robison Group, RE/MAX Ultra Realty
The seller-bank receives many offers, and the best offers, the bank will consider.
When the buyer provided to the bank an offer; the buyer should have in consideration that his or her offer is not the only one. Therefore, the buyer must meet the requirements that the bank requires.
Pro example, buyer must show that he or her has the money in the in the bank in The United State, or buyer has been approved by financial identity for loan.
You need to give this information to your realtor because your Realtor will do the paper work to send to the bank.
Please feel free to contact me,
Exit Metroquest Realt http://yWWW.Lleirvik@metroquest.net
Foreclosures are fast since banks are trying to get properties off their books. If you are purchasing with cash it will close faster than doing a traditional purchase with financing. I can help you find a great buy so you can contact me and we can discuss your options and price range. I look forward to hearing from you.
Keller Williams Realty Partners SW
Hope this helps!