Countrywide Reo Offer All Locations : Nationwide Real Estate Advice

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The Ballen G…,  in Las Vegas, NV
The Ballen Group answered:
Why was a lower offer accepted?
I most cases, they would only take a lower offer if it was cash and a sure thing. Are you sure that it sold for $25,000 less? The county records would be accurate, but many websites the ... more
0 votes Share Flag Fri Oct 1, 2010 Home Buying in 89138
Jim Johnson,  in 78233
Jim Johnson answered:
Hi,I am interested in buying a bank owned home.
At one level, it could mean that the information was not current, or the GIGO principal was in force. Realistically though, it means that you should retain a buyer's agent. It likely w ... more
0 votes Share Flag Wed May 21, 2008 Home Buying in Lake Houston, Houston, TX
Marketa Posp…, Real Estate Pro in Clackamas, OR
Marketa Pospisil answered:
I've been told that foreclosures are the best value for me as a first time home buyer. T or F?
It is a comon myth that Foreclosures are always a great deal and buyers should only look for those!
Many First time home buyers these day do not have a lot of cash for a downpayment an ... more
0 votes Share Flag Thu Apr 15, 2010 Foreclosure in Redmond
Barbara Vance,  in orlando- windermere...
Barbara Vance answered:
How long does a short sale usually take? If your answer is around 6 to 8 wks,why so long?

I just asked this question of a mortgage banker here in Florida. His answer was simply that the banking institutions are so overwhelmed by short sale requests and there aren't e ... more
0 votes Share Flag Thu Mar 13, 2014 Home Buying in Waldorf
Lenny Frolov, Real Estate Pro in Brooklyn Park, MN
Lenny Frolov answered:
We are in the process of trying to purchase a home that is subject to bank approval. We are trying to get
The last part of your question sounds kind of fishy but could be true. If people who are inexperienced are handeling the short sale process it may take months to hear back on any offer, ... more
0 votes Share Flag Fri Apr 25, 2008 Home Buying in Minnesota
Vicki Lloyd,  in Lake Forest, CA
Vicki Lloyd answered:
Do you see O.C prices going lower like inland?
I don't think they will decrease as much % as the Inland Empire, but they will probably drift lower over the next few years. There are still a lot of "liar loans" that will be adjustin ... more
0 votes Share Flag Tue Oct 12, 2010 Market Conditions in 92626
Ellen Clark, Real Estate Pro in Midlothian, VA
Ellen Clark answered:
Selling by owner TH River Oaks, 22191
I would highly recommend talking with a realtor about listing your home on the MLS. It is harder to sell for sale by owner when you are in a buyers market. Also, in order to get a goo ... more
0 votes Share Flag Tue Sep 24, 2013 Home Selling in 22191
Helene Moore, Real Estate Pro in Henderson, NV
Helene Moore answered:
I submitted an offer on a short sale for the buyer. It was only 5,000 less than asking price. It was signe ...
Hi Kim,
In my experience as working on both sides of the transaction it has been much easier getting offers accepted by the bank foreclosure than dealing with short sales. Again this ... more
0 votes Share Flag Mon Sep 8, 2008 Foreclosure in Boston, MA
Sandy Shores, Real Estate Pro in Melbourne, FL
Sandy Shores answered:
The big debate! Buy now or wait?
HI Sabine,

Well , you certainly asked what I think is one of the biggest questions in real estate today.

I googled "buy now or wait" real estate and found oodles of pages of w ... more
0 votes Share Flag Wed Mar 11, 2009 Market Conditions in Thousand Oaks, CA
Jeffrey Halp…, Real Estate Pro in Hopatcong, NJ
Jeffrey Halpern answered:
Regarding foreclosures; what is the average list price vs. average sales price (or a rough estimate)?
It really does not matter what was owed but what the current asking price is and how it relates to the current market. And although banks are not in the business of selling real estate ... more
0 votes Share Flag Tue Apr 15, 2008 Foreclosure in 20002
Kari Shea, Real Estate Pro in San Diego, CA
Kari Shea answered:
Real estate auctions North County (San Diego)
Hi Noah,

Most of the Real Estate auctions are adverised publically. The auctions are typically not done by region, the regions are addresed at the auction. If you Google Real Esta ... more
0 votes Share Flag Wed Apr 9, 2008 Home Buying in San Diego, CA
Diane Wheatl…, Real Estate Pro in Upland, CA
Diane Wheatley answered:
How to ensure a 'fair' transaction?
How badly do you want this property? That is hard ball negotiating in a buyer's market. With the amount of inventory to choose from you may be better off finding another home. Or may ... more
0 votes Share Flag Wed May 19, 2010 Home Buying in 92127
Brian Burke, Real Estate Pro in Highlands Ranch, CO
Brian Burke answered:
We currently own 3 properties in Berkeley. Looking for another. Maybe in a new neighborhood? is another loan?
What kind of help are you looking for. With 3 homes already, dont you have a Realtor?
The first thing like you said is can you get a loan that will work for you and then I can help yo ... more
0 votes Share Flag Wed Jan 9, 2013 Financing in Berkeley
Deborah Madey, Real Estate Pro in Brick, NJ
Deborah Madey answered:
on a foreclosure, when bank owns the home is it customery to make an offer for the actual value of the house ...
I have seen REO properties offered at substantial disocunts to market value, and offers exceed the asking price. While these offers may have exceeded the ask price, the contract price ... more
0 votes Share Flag Tue Aug 19, 2008 Foreclosure in Nashville, TN
Michele M Ma…, Real Estate Pro in Palm Desert, CA
Michele M Mayer answered:
3816 Highbury way, Sanramon
Hi there!
Can you tell me what County this is in and I can get you an answer!
Michele M Mayer
0 votes Share Flag Sat Jul 12, 2008 Home Buying in San Ramon, CA
Jason Salsbu…,  in Las Vegas, NV
Jason Salsbury answered:
Where to find an experienced short sale specialist?
Short Sales are a growing part of the current Las Vegas market and are certainly a great opportunity to get a property at a price substantially below market value. I primarily work wit ... more
0 votes Share Flag Mon Nov 26, 2012 Home Buying in Lake Las Vegas
Maggie, your…,  in Long Beach, CA
Maggie, your REALTOR® answered:
info regarding bank REO property
The best place is through the MLS (Multiple Listing Service). Nowadays, all REOs are listed with a real estate agency and they in turn put the REO properties on the MLS. Realtors are m ... more
0 votes Share Flag Tue Nov 3, 2009 Foreclosure in Rosemead
Myke Atwater, Real Estate Pro in Santa Rosa Beach, FL
Myke Atwater answered:
How do I buy a REO home?
your best bet with an REO home is to work with a realtor. Dealing with a bank can be lengthy and difficult, and you need to have a lot of patience. If you can give us more information ... more
0 votes Share Flag Wed Aug 18, 2010 Foreclosure in Upper East Side
Perry Hender…, Real Estate Pro in Austin, TX
Perry Henderson answered:
Is there a way to find a list of potential short sales from mortgage companies?
FORECLOSURE REALITY CHECK.... Seasoned investors who buy foreclosures know the REO manager at the bank and get "off market" deals. They never have to bid or find a place to learn what's ... more
0 votes Share Flag Sat Mar 26, 2011 Foreclosure in 90403
Monica, Home Buyer in Mountain States
Monica answered:
I am looking at buying an REO property. 4bd/2ba (plus basement the previous owners started to finish). ...
I have found other info that Countrywide doesn't negotiate around here either.

It may be a moot point - I just spoke with the builder, and they will build me the identical house for ... more
0 votes Share Flag Tue Aug 26, 2008 Foreclosure
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