Home Buying in Dayton>Question Details

Lorrie, Home Buyer in Dayton, OH

I am moving to the Dayton area in a few months. There seem to be many foreclosures in the area and the

Asked by Lorrie, Dayton, OH Mon Mar 2, 2009

opportunity to get a good deal on a house. HOW do I get the information. Will a realtor help me find houses that I can buy from banks that are in foreclosure? Thanks for any help you may have!

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Lorrie, If you are interested in just viewing properites (REO/Foreclosures) to get an idea of what's available and prices then you may want to make use of these sites.
http://www.biggerpockets.com/bank-reo.html
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
http://www.thedirectoriescompany.com/reos.htm
The banks and the Gov. maintain Databases of their properties for sale and who they list them with. These databases contain address,asking price, property description, sometimes photos, contact info, listing agent and information on the Buying/bidding process.
These Bank and Gov. sites are provided for use by the public absolutely Free. Sites like these...
http://www.countrywide.com/purchase/f_reo.asp
http://www.hud.gov/homes/index.cfm
http://www.firstfedca.com/Page_3_195.cfm
http://www.pasreo.com/pasreo/public/content.do;jsessionid=C2…

Give it a look and see what you think............
Good house hunting, Dunes
1 vote Thank Flag Link Mon Mar 2, 2009
Hi Lorri,

I have spend much time lately looking at foreclosures with a client. We did find a great deal that matched their criteria, which was a pretty smooth process. Recently too, I was helping another client looking for a foreclosure and we ended up finding an even better deal with a motivated seller, whose house was very well maintained. My advise would be to keep your options open on non-foreclosures as well... some really nice homes are being sold at a foreclosure type price and without the frustration that sometimes comes with buying a foreclosure. If you need help, I would be happy to work through your options and show you around!
0 votes Thank Flag Link Tue Mar 3, 2009
Lorrie,

If you are looking at purchasing a foreclosure or REO property, it is best to have an agent help you and represent you through the entire process. Bank owned properties are a bit different to deal with. Depending on the bank that owns the property, they may want only a cash offer and not a financed offer. There is no rhyme nor reason when dealing with a bank owned property, although they can either run beautifully smooth or have some hiccups along the way. You need to have an agent who knows the process in dealing with the banks, and who is also going to represent you to the utmost of their abilities.
0 votes Thank Flag Link Mon Mar 2, 2009
Hi, my name is Connie Newman, Realtor with Re/Max Alliance Realty in the Dayton area - Yes, you are 100% correct there are many opportunities on homes in the area that are foreclosures, short sales or owners needed to seel at low prices.

I would be more than happy to assist you in anyway - in searching for the right home in the area... just need to get some quick information and I can set you up to receive homes to view via email for you to review at your convenience. Please do not hesitate to contact me by email or phone - It would be an honor to assist you find the right home in my community and I look forward to talking with you.
Thanks!
Connie Newman
(cell) 937-689-5721
(email) cnewman@realestatedayton.com or cjnewman@aol.com
(Ofc) 1-800-860-8393
0 votes Thank Flag Link Mon Mar 2, 2009
Hi Lorrie!!

Actually,,,,,it is busy with buyers!! Rate are wonderful. We have thousands coming to WPAFB!!! Where will you be working? I have lived here my whole life,,,,,,,,would love to show you around!!! I can help you with the entire process form beginning to end.

Cindy B 937-609-5043
http://www.cindybuckreus.com
0 votes Thank Flag Link Mon Mar 2, 2009
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