If you need any additional info or assistance on your search for a home please do not hesitate to contact me anytime.
I would like to add a problem I have been encountering with Reo's which I did not see addressed by the other agents. I'm seeing more and more banks require you qualify through them, such as Wells Fargo and or Countrywide. I have seen many people not be able to qualify through the banks stringent criteria, even though they may already have full approval from another lender. This may come up if they require you to qualify through them first. Get more information on their process if you can.
Century 21 Infinity
You want to make sure that you do thorough inspection on the house to make sure you understand fully the condition of the home before you buy it
Bank owned homes do not come with disclosures or much documents and are sold "AS IS". - since they did not live in the house, so they can claim they don't know anything about the house. That risk is completely upon you.
Make sure you have a Realtor represent you and get a great comparable market analysis from the Realtor so you know fully that after you spent the time and money to repair, upgrade the house, it is still as good a deal as it seems to be.
Because... a big surprise .. sometimes REOs are not such a bargain after you figured in all the costs, but it sure can be a great deal!
Just make sure you do your due diligence.