Hi. This is a very risky move. But you can help mitigate (not eliminate) that risk by hiring a competent home inspector and a REPUTABLE, licensed and insured contractor who can give you an accurate assessment of the physical condition of the house. Take a look at your typical home inspection report and you will find that the list of items to check are long and detailed. But bringing on the right professionals to your team should help sort it all out for you. Good luck.... more
It is very difficult to find out this information. Banks can hold a property for as long as they want before putting it on the market. Even if you find the contact information, it is highly unlikely the bank would sell directly to you. How it will be listed depends on the type of loan they held. If an FHA then it will be a HUD home and will be listed by as asset management company and will go up for bids, if it is a conventional loan then it depends on agent (s) that the bank uses and that could change as well. Good luck to you.... more
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.
It appears that Walter "Skip" answered your question about this property in particular. If looking to buy a home in California, I would recommend you posting any property questions in California as this question is posted in Newark, New Jersey. Luckily "Skip", an agent in California realized that a California question was posted in New Jersey but if not, not many New Jersey agents would be able to help you, if at all.
Hi there, I would not necessarily say to exclude them from your view, but if you do include them, narrow your focus to ones in which the seller has hired good resources to usher them through the process. I have a short sale listing in North Plainfield, and a prerequisite for my taking the listing was that the seller hire an attorney experienced at shorts to assist them. They did, and after some price adjusting, we have successfully drawn an offer and are on our way. The problem comes when the seller is not guided well on the process - also can be more problematic, and slower and more uncertain - if there are more than one lender involved. With experienced resources on your side and the sellers, you will be able to understand better what you may be considering.
What you want to avoid is missing a good market deal while you are dilly dallying with an awkwardly or ineffectively handled short.
Unwavering Commitment to Service... more
Thats a loaded question, it depends on how aggressive you are with your search and your offers. you need a good realtor who knows the market very well. I've purchased houses in days and sometimes it takes months
Good luck... more