Countrywide Reo Offer All Locations : Advice

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Showing results for Countrywide Reo Offer [Clear search]
Robert Vaugh…, Real Estate Pro in Corona, CA
Robert Vaughan answered:
Is it possible to close in 2 days?
It is doable but that means that EVERYONE is putting in 110% effort and nothing can fall through the cracks.

If it does close, you really have to give kudos to everyone that helped y ... more
0 votes Share Flag Thu Aug 7, 2014 Home Buying in 92223…, Real Estate Pro in Dallas, TX Dallas Realtor answered:
I can't get any information on the house I am living in. The owner has turned the house back over to the bank.
Once property goes thru foreclosure processing you would receive notice of eviction potential cash incentive cover your moving expenses than Countrywide legal procedures. It can take s ... more
0 votes Share Flag Sat Dec 27, 2008 Home Buying in 32244
Kathleen Sha…, Real Estate Pro in Gilroy, CA
Kathleen Shaffer answered:
what are the banks typically accepting on trustee deeds?
all depends on the investor/lendor.
large institutions like countrywide, bofa, chase, etc., may not be dealing very quickly.
also depends on the time they have held the trust deed.... ... more
0 votes Share Flag Fri Dec 26, 2008 Home Buying in San Jose…, Real Estate Pro in Dallas, TX Dallas Realtor answered:
Anyone have sucess with a Countrywide REO? Please share your experiences here. Thanks!
Success with Countrywide REO, if you submit an offer thru your buyers agent within Countrywide terms and conditions for accepting offers. Foreclosures are accepted on number of many re ... more
0 votes Share Flag Wed Jan 14, 2009 Home Buying in Chicago
Cindy Jones, Real Estate Pro in Alexandria, VA
Cindy Jones answered:
Do we have any leverage to get out of a contract if the MLS was never changed to contract pending status?
The MLS is not related to your contract. It just means the listing agent has not gone back in the computer system and don't the correct updates.

Please have the agent representing ... more
0 votes Share Flag Tue Jun 9, 2009 Home Buying in Roanoke
PH, Real Estate Pro in Griffith, IN
PH answered:
What to do if agent doesn't seem to be working hard on your behalf?
Dlb, I see 7 questions in here from you. You seem to be very suspicious of both the intentions and expertise of your realtor. That does not sound like a very good working relationship t ... more
0 votes Share Flag Thu Dec 18, 2008 Home Selling in Cincinnati
Sj209, Both Buyer and Seller in California
Sj209 answered:
How do I find a REO expert? Is their a service specifically for investors looking to buy bank owned homes? ...
Michael Ames 650-412-1241 or 650-619-3360. His office serves San Mateo, Santa Clara and Alameda Counties. Ask him for a referral to a Sonoma County realtor. Michael is an REO expert ... more
0 votes Share Flag Sun Apr 12, 2009 Foreclosure in Santa Rosa
Michael Magaw, Real Estate Pro in 90505
Michael Magaw answered:
With an REO, how flexible are banks with adjusting price of an accepted offer after an inspection?
Everything is negotiable, but typically banks take their time before they put their REO listings up for sale. They have a system in place, where an appraiser and/or a broker will revie ... more
0 votes Share Flag Sat Jun 6, 2009 Foreclosure in Los Angeles
Dp2, Other/Just Looking in Virginia
Dp2 answered:
why don't banks negotiate the price they will accept for short sales prior to the offer? Wouldn't this make ...
Hopefully, my next statement won't come across as flippant.

Because banks are in the business of making money, they want to get as much as they can from the short-sale--it's their fi ... more
0 votes Share Flag Thu Nov 20, 2008 Market Conditions
Dyanna, Real Estate Pro in California
Dyanna answered:
Is legal for the listing agent to require the buyer to get a pre approval from his preferred loan agent?
At this time most REO's are required to have a pre-approval from the banks loan agents before an offer can be submitted. This is a requirement from the bank. I have noticed that agents ... more
0 votes Share Flag Thu Aug 6, 2009 Home Buying in 91702
Rob McQuade, Real Estate Pro in Carmichael, CA
Rob McQuade answered:
Are the banks really refusing full price offers with FHA loans in favor of low ball all cash offers?
Claude: Yes. Banks will

Banks will often accept a lower offer from an all-cash buyer. I've had clients on both sides of the situation--and boy can it be frustrating for a buyer tryin ... more
0 votes Share Flag Sat Nov 1, 2008 Home Buying in 95831
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
I am selling my home and have been for a long time now....are agents showing property to their buyers against?
The sale of a home is different with a short sale, however the fundamentals do not change.

In order to get an offer we need showings. The rule of thumb is 10-12 showings s ... more
0 votes Share Flag Tue Aug 27, 2013 Home Selling in 63304
Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis, Birmingham MI answered:
Is it legal for Flagstar Bank to strongly suggest that they would only consider my client's offer ....?
Yes, they can do that. They want to have more control on the deal. They can set the terms under which they will sell as long as they are not discriminatory. Sometimes they will let yo ... more
0 votes Share Flag Sat Jun 27, 2009 Financing in Westland
Randy, Home Buyer in Miami, FL
Randy answered:
How low can I go?
..( in continuation) the title is held by Aurora Loan Services (Lehman Bros) -- anyone got any suggestions please?
0 votes Share Flag Thu Dec 10, 2009 Foreclosure in 33137
Adrian Hunti…, Real Estate Pro in Marina, San Francisco,...
Adrian Huntington answered:
Looking for realtors that have been able to help people buy bank owned properties

The current Real Estate Market is Short Sales and REO's. Any realtor closing deals can help you with a foreclosure property. Before you have a bunch of Realtors email you w ... more
0 votes Share Flag Mon Aug 3, 2009 Home Buying in Long Beach
Dana Voelzke, Real Estate Pro in 06880
Dana Voelzke answered:
Countrywide Foreclosures in CT
I have had experience making offers on Countrywide REOs. Each transaction is a case by case basis and my clients have chosen to stick to their guns as far as pricing. Frequently ... more
0 votes Share Flag Mon Jul 13, 2009 Foreclosure in Brookfield
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
Ute Ferdig - Atty. Negotiator answered:
"Covert Silent Auctions" - Setting Low Asking Price for the Sole Purpose of Getting Many Lookers
Hi Cora. Your observation is correct as far as the banks intentionally setting the price low to obtain multiple offers and from what I have seen, it works. Did you have a question abo ... more
0 votes Share Flag Wed Oct 8, 2008 Home Buying in Sacramento, CA
Jolie Lindho…, Real Estate Pro in 33460
Jolie Lindholm answered:
Where can I find foreclosure sales in Deerfiled Beach Florida?


We're a family business in the Deerfield Beach area and would be happy to help. Foreclosure purchases can become complicated, so you're better off having a local Re ... more
0 votes Share Flag Sun Sep 28, 2008 Home Buying in Deerfield Beach, FL
Connie, Home Buyer in Chicagoland
Connie answered:
Are other buyers with FHA approvals having problems getting banks to accept their offers?
I am closing tomorrow on a REO (bank owned property) owned by Countrywide with a FHA loan. I'm not sure if it mattered, but we are financing through Countrywide as well.

My advi ... more
0 votes Share Flag Mon Sep 21, 2009 Home Buying
Sean Heideman, Real Estate Pro in 85254
Sean Heideman answered:
Bank Owned Seller decided to go with cash offer after they accepted our higher offer.
If the bank signed your contract (offer), then you should be able to purchase the property. If the bank signed the other person offer, then there is nothing you can do about this transa ... more
0 votes Share Flag Tue Jul 10, 2012 Home Buying in 22193
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