A cash offer is an offer the bank loves to receive. Thirty days is probably is as soon as the bank will be able to do it. The sooner you want to close is also a plus for the REO company. It all depends on their process. But you have these two things going for you that they like. CASH & Quick Settlement.
The title company is usually chosen by the Buyer. Somtimes if the REO Company wants you to use theirs. In that case they will usually pay for the title insurance. It is usually still your choice as the buyer if you want to use theirs or yours. Everything in real estate is negotiable.
To make the deal work you will need is a executed contract (signed by buyer and seller) a deposit check. a letter for proof of funds to close, a clear title report from a good title company that you want to have do the closing.
I Hope this is of help.
With cash and no contingencies you can close 30 days or less!
More than likely you will use the Seller/Banks Titile Company.
I have done several of these deals!
Please contact me to get started.
I'm available any day of the week or weekend.
Liberty Bell Real Estate Agents, LLC
Office Number: 215-885-3332
Direct Number: 215-237-4147
The REO purchase process can be shortened SIGNIFICANTLY if you are purchasing with cash. I work with REO properties regularly, and I would be happy to answer any questions that you have about navigating this process. It could be ery beneficial to enlist the help of a real estate agent early in the process. Feel free to reach out to me with additional questions.
Thanks, and best of luck! -Jo
Keller Williams Realty Group