Countrywide Reo Offer All Locations : Advice

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Daniel, Other/Just Looking in Baton Rouge, LA
Daniel answered:
On a foreclosure, can you get off contract if there is problem with the house?
no, preforeclosure or post bank owned foreclosures, you will probably be protected under normal purchase agreement guidelines
0 votes Share Flag Sun Aug 16, 2009 Foreclosure in Elk Grove…, Real Estate Pro in Dallas, TX Dallas Realtor answered:
My husband and I put in a full offer for a REO home. Problem with loan. What should i do?
Why is the agent involved with the loan processing you should be fielding those calls Good luck
0 votes Share Flag Thu Dec 1, 2011 Foreclosure in Hanford
Octavio M Mo…, Real Estate Pro in 93551
Octavio M Moreno answered:
Realtors - I have a friend who is considering selling and may be short by a few thousand. Looking for
The short sale is a long process, after you take the listing, you need a offer in order to get a negotiator assigned to that loan, then wait for BPO/Appraisal from the bank, most of the ... more
0 votes Share Flag Thu Nov 17, 2011 Home Selling in Rocklin
Carlo Gobba, Real Estate Pro in Bloomfield Hills, MI
Carlo Gobba answered:
I'm interested in bank owned / foreclosures properties in my area. Is there a good site one could recommend?
There are many sites that advertise foreclosures. They very best way to find one is to find it BEFORE it hits the market or as soon after and a good buyers agent will be able to help wi ... more
0 votes Share Flag Fri Sep 25, 2009 Foreclosure in 48085
Jim Johnson, Real Estate Pro in 78233
Jim Johnson answered:
what is the best way to find up to date listings of foreclosures that are not on the MLS? What percentage of?
HUD, VA and bank foreclosures all list with REALTORS, and they will not even talk to you before a property is listed. Tax sales are the only ones that do not.
0 votes Share Flag Mon Oct 4, 2010 Foreclosure in Thousand Oaks
M.D.J, Real Estate Pro in Los Angeles, CA
M.D.J answered:
any GOOD lender doing FHA 203K loan in CA?
If you want another alternative to a 203k then feel free to contact me. I offer a conventional purchase loan with additional funds over and above the sale price for repairs and rennova ... more
0 votes Share Flag Mon Jan 19, 2015 Home Buying in 91367
Sharpbuyers.…, Real Estate Pro in Boston, MA answered:
Bank owned properties
Foreclosures are very different form standard deals. When you place an offer, the bank may not come back with an answer for several weeks or months in some instances. During this time, ... more
0 votes Share Flag Tue Jun 10, 2008 Home Buying in 94110
Carolyn Mori…, Real Estate Pro in Oviedo, FL
Carolyn Moriarty answered:
No one answered by other question. Do banks counteroffer on short sales or simply approve vs disapprove?
Absolutely...they do counteroffer on short sales. Once there is a contract on the property, the agent submits the executed offer from the buyer and seller along with a HUD-1 Settlement ... more
0 votes Share Flag Tue Aug 27, 2013 Home Buying in Oceanport
Ann Vargason, Real Estate Pro in 55060
Ann Vargason answered:
Will a bank offer closing cost help?
It depends on the offer. The bank or any seller looks at the "bottom line" to make their decision on whether or not to accept an offer. For example: If a property is listed at $275,0 ... more
0 votes Share Flag Sun Jun 7, 2009 Home Buying in Silver Spring
Pacita C Dim…, Real Estate Pro in Alameda, CA
Pacita C Dimacali answered:
How do I find REO or short sales property in pleasanton area?. We are looking for 4 b & 2 1/2 bath hous ...
The fastest, easiest way to get a list is to ask your realtor to research the REOs.

If the REOs haven't been listed yet, you can also go to the city or county records office which wi ... more
0 votes Share Flag Wed Feb 8, 2012 Home Buying in Pleasanton
Deborah  Lon…, Real Estate Pro in Torrance, CA
Deborah London answered:
What are the banks looking for when excepting an offer on a short sale or foreclosure?
Banks are looking for a non-contingent offer from a well-qualified Buyer. When there are multiple offers, the amount of money the Bank will receive as its net amount is what matters mos ... more
0 votes Share Flag Fri Jul 24, 2009 Home Buying in San Marcos
Barry Shapiro, Real Estate Pro in Camarillo, CA
Barry Shapiro answered:
What is a good buying strategy for REO's that have been on the market for longer than 30 days and have had no?
Base your offer on what YOU are willing to pay, not what you think the bank will take. If it is a Countrywide REO you can realize a substantial savings, as they are unloading their inv ... more
0 votes Share Flag Sat May 31, 2008 Home Buying in Ventura County, CA
Sonya Ann Al…, Real Estate Pro in 48612
Sonya Ann Aldrich Loose answered:
How long does it take for HUD to list a home for bidding after the home was foreclosed on? I looked at a
Melissa- Chapman Law Frim, the lawyers office that was handling HUD homes in Michigan is no longer servicing them and it is being changed back to the law offices of Michealson, Connor ... more
0 votes Share Flag Wed Jul 23, 2008 Home Buying in 48910
Jodie Franci…, Real Estate Pro in Encino, CA
Jodie Francisco answered:
Looking to buy a property in Los Angeles
Hi John,

You won't know until you try! I think it will all depend on the property itself, how long it's been on the market, the terms of your offer, your approval letter etc. If you ... more
0 votes Share Flag Thu Mar 25, 2010 Home Buying in Los Angeles
Karen Miller,…, Real Estate Pro in Long Beach, Signal H...
Karen Miller, Realtor answered:
What's wrong with short sales?
Hi Abresson,

Your Realtor's are giving very good advice. Many short sales never happen. Agents, sellers, and buyers put hours of effort into a deal & the bank can say "NO" after se ... more
0 votes Share Flag Fri Mar 25, 2011 Home Buying in Los Angeles
Myke, Home Buyer in 89449
Myke answered:
on a short sale how do you get your offer submitted to the bank for their approval when the seller's realto ...
if the seller's realtor refuses to present it - it is actually illegal.

contact NAR and file a complaint.

Realistically - the seller, or the seller's agent ... more
0 votes Share Flag Fri Aug 6, 2010 Home Buying in Akron
Phil Moody, Real Estate Pro in Jacksonville, FL
Phil Moody answered:
Has anyone successfully closed on a short sale in St. Augustine?
There are a few and have taken a LONG time to close. You can get the seller to sign the contract and then wait forever to hear an answer from the bank.

You may want to look at REO ( ... more
0 votes Share Flag Tue Oct 9, 2012 Home Buying in Saint Augustine
Jeffrey Schn…, Real Estate Pro in Austin, TX
Jeffrey Schnabel answered:
To what extent a person can bargain on a house which is bankowned. Is there any space for that??? Generally
Definitely. The bank is no different than anyone else. They don't know what the market is willing to pay. They do know what they are willing to accept, but even that changes. The pr ... more
0 votes Share Flag Sun Jun 7, 2009 Foreclosure in Las Vegas
Pam Winterba…, Real Estate Pro in San Ramon, CA
Pam Winterbauer answered:
If a pre-approval is no guarantee of funding, what's the value of pre-approval over simple pre-qualification?
In a preapproval the information you provided is verified/documented, credit is run and submitted to the lender for approval. On a prequalification they just take your word and a lette ... more
0 votes Share Flag Sun May 18, 2008 Home Buying
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
Ute Ferdig - Atty. Negotiator answered:
How much longer once lender has ordered a BPO for a short sale to close?
Hello Home Buyer. While the turnaround time for BPOs is realtively short (i.e., the agent that gets the assignment usually only has a few days to complete it), there's no way to tell h ... more
0 votes Share Flag Thu May 15, 2008 Home Buying
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