Countrywide Reo Offer All Locations : Advice

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Cindi Hagley…, Real Estate Pro in San Ramon, CA
Cindi Hagley As Seen on TV answered:
Why don't banks hire real estate professionals to handle the number of distressed properties and make prompt decisions on Short Sales and?
They can pay far less to inexperienced negotiators that do not care about the client!
0 votes Share Flag Wed Jun 13, 2012 Financing in 92075
San Diego Re…, Real Estate Pro in 92130
San Diego Real Estate Agent answered:
Do short sales ever actually sell? I found a few unbelievable bargains which turned out to be short sales.
Yes, we're selling many of them in San Diego CA. If you're buying a short sale you need to be very very very patient. Put offers in on multiple short sales as well. Good Luck!

http:/ ... more
0 votes Share Flag Wed Aug 19, 2009 Home Buying in Denver
Di Anne Warl…, Real Estate Pro in 78613
Di Anne Warlick answered:
I am in a short sale purchasing situation. I have a contract signed by the seller two months ago.However we
I am a lender in Texas and I have had several buyers put in offers for short sale properties. Only a handful of the transactions went through and they took more than 3 months to get clo ... more
0 votes Share Flag Sat Aug 8, 2009 Home Buying in Maryland
Grace Morioka, Real Estate Pro in Sunnyvale, CA
Grace Morioka answered:
What is a REO? How is it different?
Hello Mrsg and thanks for your post.

An "REO" stands for "Real Estate Owned" and it means that the property is owned by the bank. After a home is foreclosed by the lender or lien ho ... more
0 votes Share Flag Wed Jul 29, 2009 Home Buying in Murrieta
Mrsg, Home Buyer in Murrieta, CA
Mrsg answered:
What is a "Phase 2 Coordinator in a short sale"?
I placed an offer on a short sale with Countrywide on April 18th. Last Month, June they did the appraisal. We were told on July 3 that our file has been assigned to a stage 2 negotiator ... more
0 votes Share Flag Fri Oct 23, 2009 Home Buying in Murrieta
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
Scheduled to close on a Short Sale this week have been informed that the bank put a hold on the transaction.
Not knowing all particulars involved best contact a real estate attorney review your executed sale contract.

Anytime bank is involved from foreclosure to a short sale you have drama ... more
0 votes Share Flag Sun Jul 19, 2009 Home Buying in Los Angeles
Blaine Rabe, Real Estate Pro in Jacksonville, FL
Blaine Rabe answered:
I put in an offer on a Pre-foreclosed house 10 days ago. How long should I wait to hear back from the bank? ...
Hi,


These can take forever. Or they can move fast.

WIth REO and the like, don't fall in love with the home. Once your offer has expired, go looking. If they like you, they will ... more
0 votes Share Flag Wed Jul 1, 2009 Home Buying in 32210
Katherine Da…, Real Estate Pro in 32233
Katherine Davidson answered:
Jacksonville FL Countrywide Short Sale question: what is the expected timeframe with a Countrywide short sal ...
Ryan,

Short Sale time frame with Countrywide...my experience...NEVER!!!!! Try 1 1/2 years, 3 offers, all rejected by Countrywide. Try an offer that's been in since December...still ... more
0 votes Share Flag Wed Aug 19, 2009 Home Buying in Jacksonville
Maryann Hard…, Real Estate Pro in Garden Grove, CA
Maryann Hardwick answered:
Is it a better deal (price) with a short sale or foreclosed house?
If you are not in a hurry to move, you can get a good deal on a short-sale. They take alot longer, you have to have patience. There is a little less competition than the REO's (bank-own ... more
0 votes Share Flag Tue Sep 14, 2010 Home Buying in Ladera Ranch
Blake Griffi…, Real Estate Pro in Morton, WA
Blake Griffith answered:
I was the secondary offer on a short sale. The first offer given was denied. I assumed that since I had ...
Try to keep in mind that the bank has the last word on a short sale and they certainly don't seem to follow normal protocal. Are you working with the listing agent or do you have your o ... more
0 votes Share Flag Sun Aug 16, 2009 Foreclosure in Fleming Island
Mrsg, Home Buyer in Murrieta, CA
Mrsg answered:
Countrywide post-BPO timeline? Newer, faster CW short sale computer system? Does it really exist?
We put an offer on a short sale with Countrywide on April 18th. We are the first and only offer. The BPO was suppose to be done last Friday. I just found out today that the person who d ... more
0 votes Share Flag Fri Jun 19, 2009 Home Buying in Mountain House
Vicki Lloyd, Real Estate Pro in Lake Forest, CA
Vicki Lloyd answered:
Hi my name is Heather from CO. I am trying to buy a home that is in Short Sale,
Each short sale is different, and that's part of what makes it so frustrating to both agents and buyers!

The answer to your questions depends on how much is owed to each lender (ho ... more
0 votes Share Flag Thu Sep 10, 2009 Home Buying in 92821
Maria-ines S…, Real Estate Pro in San Jose, CA
Maria-ines Stagnaro answered:
New round of foreclosures.
Hi Valerie,
No. We are all anxiously waiting for the next round of homes to hit the market. I believe that the banks want to keep the prices up by not listing to many home at once. I ... more
0 votes Share Flag Sat May 30, 2009 Foreclosure in San Jose
Mike Washing…, Real Estate Pro in Colorado Springs, CO
Mike Washington answered:
If a home is in full foreclosure, the bank was the highest bid at auction at $193,000. As a short sale it
Hello;

The bank will not recognize the short sale list price. We have no idea what the property may come back on the market at. Regardless of the bank's marketing price we can stil ... more
0 votes Share Flag Wed May 20, 2009 Home Buying in Colorado Springs
Juanita Thom…, Real Estate Pro in 29150
Juanita Thompson answered:
How do I deal with a difficult realtor???
It sounds like you haven't actually signed a buyer agency contract with this Realtor®, is that correct? If you're not obligated to her, find another Realtor® who can represent yo ... more
0 votes Share Flag Mon Jul 2, 2012 Home Buying in Phoenix
Karel Kon, Real Estate Pro in 96814
Karel Kon answered:
Looking for way to submit an offer to countrywide REO dept.
I have few short sale listings . It can take up to 6 months to get an answer from the lender.
Also If your offer is too low it might get ignored as well.
.Aloha
0 votes Share Flag Mon Dec 28, 2009 Foreclosure in Honolulu
Dana Schuster, Real Estate Pro in 70458
Dana Schuster answered:
Trulia gets a feed from RealtyTrac on REO. No MLS for such house. How to purchase a property like this? ...
Realty
Trac is not a listing site. They publish notices of default & foreclosure from the public records. many of these homes have not yet completed foreclosure and are not yet on the ... more
0 votes Share Flag Sun Apr 26, 2009 Home Buying in 22182
Lezlie Brazil, Real Estate Pro in Culver City, CA
Lezlie Brazil answered:
Hello. Does the first time buyer down payment assistance program in Carson, CA still exist?
Hi!,

Yes, the first-time buyer program does still exist in Carson for low to moderate income qualified applicants who have not owned ahome in the past 3 years, who are purchasing a ... more
0 votes Share Flag Mon Jun 22, 2009 Home Buying in Carson
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
Does Countrywide REO negotiate if appraisal comes into low;less than what was offered? Buyer doesn't have ...
No lender will allow home to be purchased over valued. Either home is reduced in price OR buyer locates another property purchase.

Home buyers do not have disposal income to make ... more
0 votes Share Flag Sat Apr 11, 2009 Home Buying
Mary McKiern…, Real Estate Pro in Somerset County, NJ
Mary McKiernan answered:
Interested in buying foreclosure house in somerset/Edison area in near future how do I find 4losure specialist
You can register on my website choosing the foreclosure selection. Then you will automatically receive new listings Bank Owned.
www.mmckiernan.remax-nj.com
0 votes Share Flag Thu Jun 24, 2010 Home Buying in 08873
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