Countrywide Reo Offer All Locations : Advice

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Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
If a house is bank owned - can that bank force you to use them to buy it?
It sounds like you are talking about country wide as the bank owning the property. You do not have to get the loan from country wide but they may make you apply through them before acc ... more
0 votes Share Flag Sun Mar 11, 2012 Foreclosure in Akron
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
How long will it be until the house is on the market?
It takes typically 2 weeks to 2 months to have an house come back on the market. Your agent is not allowed to contact Countrywide directly due to issues of Agency and/or Realtor Code o ... more
0 votes Share Flag Thu Feb 26, 2015 Home Buying in Minnetonka
Janine Love, Real Estate Pro in 92590
Janine Love answered:
Unsatisfied realtor client
You may have an issue with the other agent not being able to get a commission. Please know though that the agent that you are working with is most likely dealing with the listing agent ... more
0 votes Share Flag Wed Mar 25, 2009 Home Buying in Austin
Voices Member,  in
Voices Member answered:
Whats the trick to buying foreclosed property?
Here is the site for Dekalb County Sheriffs auction

This will give you a good feel for what foreclosures are upcoming. Most f ... more
0 votes Share Flag Wed Mar 18, 2009 Foreclosure in Dekalb
Matthew Test…, Real Estate Pro in 33928
Matthew Testaccount answered:
How do I pursue a foreclosed home that countrywide owns? Not on mls. Not on Countrywide reo list. Naples. ...
Give me a call or basically have to wait until they put it on the market and assign someone to it. I can set you and I up though so we will know exactly when it becomes a ... more
0 votes Share Flag Tue May 5, 2009 Foreclosure in Naples
ADK Realty ME…, Real Estate Pro in 12032
ADK Realty ME Charles answered:
Depends on how much do you want the house? Is this a correct response from an agent? I found a house and want
Hi Nelson, you're thinking correctly... hard to go back down in bid if you go highest & best right off the bat.

It Sounds like you are working with the seller's agent, Of Course they ... more
0 votes Share Flag Sat Mar 21, 2009 Home Buying in San Diego
Christopher…, Real Estate Pro in Venice, FL
Christopher Lyon answered:
Typical Countrywide time frame?

From my experience in Florida Countrywide has been taking at least 30 days to respond to an offer. They are one of the slowest lenders to deal with. Be patient if it is a rea ... more
0 votes Share Flag Sat Jun 6, 2009 Home Buying in 55407
Antonio Vega…, Real Estate Pro in Davenport, FL
Antonio Vega-Pacheco answered:
I Have narrowed down the area where I would like to purchase a home in.

Short Sale - Is a situation where you are buying from the person who owns the house but they are not making any money of the sale because they owe to the bank more than the a ... more
0 votes Share Flag Mon Oct 26, 2009 Home Buying in Davenport
Carlos, Real Estate Pro in Chandler, AZ
Carlos answered:
I am in the process of buying my first home. It is a Countrywide owned foreclosure. It's absolutel ...

Your experience is very typical. Dealing with bank owned properties is not easy. They take their time to respond/act and are not very cooperative. The reason is that you have ... more
0 votes Share Flag Sat Jun 6, 2009 Home Buying in Phoenix
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
If a bank is collecting on mortgage insurance, is property a frozen asset until they receive insurance money?
I am not sure if I can explan what is happening at Countrywide in this situation. However, I can explain what happens with mortgage insurance. The mortgage insurance is placed to prov ... more
0 votes Share Flag Mon Mar 9, 2009 Foreclosure in Elk River
theBIGstep, Home Buyer in Prince William County,...
theBIGstep answered:
Is home ownership still part of your American Dream? Yes/No - and why?
As a first time home buyer I would say yes a to your question.....but as I start thinking about things I think home ownership or obtaining such is so much more complicated giving the ec ... more
0 votes Share Flag Mon Oct 26, 2009 Home Buying
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
About 33 W Ontario and Cash Offers on Foreclosures
This building has had some foreclosures in it, but if you like the building, I dont see anything wrong with buying in there.
There is 11 2bed/2bths on the market ranging from 399K-549 ... more
0 votes Share Flag Thu May 7, 2009 Home Buying in 60654
Vicky Chrisn…, Real Estate Pro in 20132
Vicky Chrisner answered:
How long will it take for country wide to respond to offer on REO?
Varies - what did the listing agent tell you? are you talking about an REO (I know that's what you said, but lots of people are misusing terms these days). An REO is post foreclosure. ... more
0 votes Share Flag Fri Feb 13, 2009 Home Buying
Cindi Hagley…, Real Estate Pro in San Ramon, CA
Cindi Hagley As Seen on TV answered:
Seeking real estate investor to purchase our home, rent back to us, then sell back to us in 1 year.
I'd love to talk to you about this...please contact me thru my site below.
0 votes Share Flag Wed Feb 15, 2012 Home Selling in Nevada
Dp2, Other/Just Looking in Virginia
Dp2 answered:
If you are buying a Fannie Mae Property do you have to use the Fannie Mae selected Title company?
No. In fact, your lender probably will insist that you go with one of their approved title companies. Even in that case, I still might not go with one of those title companies--unless ... more
0 votes Share Flag Tue Feb 3, 2009 Home Buying in Phoenix
Michelle Gor…, Real Estate Pro in Grand Rapids, MI
Michelle Gordon answered:
Are the listed REO prices accurate or just what people owe? How do you find the asking price?
Well depending where you are viewing these ....................if you are viewing on the local MLS or here on trulia, that should be the sales price...................Realty Trac someti ... more
0 votes Share Flag Mon Jan 26, 2009 Home Buying in Michigan
Diane Wheatl…, Real Estate Pro in Rancho Cucamonga, CA
Diane Wheatley, Broker answered:
NOD can be filed with out recording a substitute of trustee?
Why would a substitution of trustee be necessary unless a new trustee is named on the NOD? In that case, yes the substitution of trustee must be recorded and the recorded instrument wi ... more
0 votes Share Flag Tue Jan 27, 2009 Foreclosure in Los Angeles County
Tony Grego, Other/Just Looking in Indianapolis, IN
Tony Grego answered:
On a short sale how long until they choose a offer?
This is a very challenging question. It all depends on the bank that owns the property. I have found that with larger banks it can take months only to find out you don't have a deal at ... more
0 votes Share Flag Mon Jul 20, 2009 Home Buying in Arizona…, Real Estate Pro in Dallas, TX Dallas Realtor answered:
How much less than their asking price will Chase, Bank of America and Countrywide accept for a REO property? ...
Every property stand alone when your buyers agent submits a winning bid requires research and lender approval statements. In some instances with properties could be a bidding war offer ... more
0 votes Share Flag Sat Jan 10, 2009 Foreclosure…, Real Estate Pro in Dallas, TX Dallas Realtor answered:
If a buyer is pre-qualified, why should the process be repeated with the listing agent"s lender?
Many foreclosures are now making that a requirement determine if you can close on a home. It eliminates much hardship at closing when buyer lender may have missed something day of closi ... more
0 votes Share Flag Sun Jan 4, 2009 Home Buying in Los Angeles County
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