You may have to consult with a local Realtor to help you here. Keep in mind, there isn't a magic phone number where you can call the bank and ask who is listing it. These properties get sent to one of many Asset Management Companies before it gets in the agents hands. I would have your agent do a check to see what properties are currently owned by the bank and then see who the listing agents are. Check with those agents to see if any of them have this property in "Pre List" stage.
You will most likely have to wait for the home to come on the market like everyone else but you may be able to get a head start on it.... more
A rent to own can be good, it is key to know if the rent is going in any way towards a down payment. Really, then, you must read and completely understand the connected CONTRACT TO PURCHASE.
If you like, we can help you. And we offer buyers a rebate on the sales commission !
Steven.Buch@gmail.com Broker of Record
You would most likely have to go through either your own real estate agent, or the listing agent of the property - once it's placed on the market for sale. Just because it's indicated somewhere online that Deutsche Bank now owns it - doesn't mean they are ready to put it up for sale. Once they are ready, and list it for sale - you can enlist a real estate agent to make an offer on it for you.
Deutsche Bank owns a countless amount of properties - they are going, nor to they have the time or resources to, field direct phone calls and questions from prospective buyers.
Unless it already is, you'll have to wait until they are ready to list it for sale - then go through a real estate agent if you want to buy it.
Hope that helps!... more
If you need information regarding the particular property why not contact any local realty office(s) directly and inquire--if the property is on the market they will know about it, and they will be able to tell you its current status as well.... more
Question #1: It depends on your local market & the specific property you are wanting to buy. I would stay clear of short sales unless you are paying cash or if you are working with a local agent that specializes in short sales.
Question #2: Yes... more
Meg, the process can be pretty simple. It really depends on what bank owns the REO. Some banks can take longer than others. Are you paying cash or financing? If you are financing then usually the bank is the quick part, getting your loan usually takes the longest. On average I would say that you are looking at 30-45days start to finish if you are working with agents who are familiar with the process. Good luck on your home search.... more
What usually happens the bank assigns the property to a Realtor in your area. Then the Realtor will approach the residence and see if they could work a deal (called Cash for keys) and that can happen with in weeks of the sale. They can give you up to three weeks to move with cash in your hands. If a negotiation is not reached, they will start the eviction process and that can sometimes give you up to three months(California). If you have any other questions please feel free to ask... more
Hi Jr - it really depends on how much repairs you would be willing to deal with. Right now there are about 150 2-family homes for sale in North Newark, ranging in price from $31,000 up to $410,000. Obviously homes on the lower end of the scale are going to need a lot of work and homes on the higher end of the scale will be move-in condition (if not new construction).
The more information you give your Realtor, the easier it will be for them to narrow down this list and help you find the property you are looking for.
I'd be happy to help you find a home in North Newark. I grew up there (just off of Bloomfield Ave., behind the Stadium) and still spend a lot of time in the area for both business and pleasure.
Coldwell Banker Franklin Realty
"Tambien hablo espanol si lo prefiere."... more
Try contacting a Realtor in your area who can work with you as a Buyer's Agent. (You may also get some responses from agents here on Trulia who might offer to help you). Or, I9;d be happy to refer you to someone in one of our offices in Chicago.... more