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Mike Rosen
- 12 Helpful Answers
- 26 Answers
- 8 Listings
Mike Rosen’s Answers (26)
Mike Rosen answered:
Hey Thomas -
See a previous post in answer to a similar question ...
Resale vs. Foreclosure, MLS Activity
http://www.trulia.com/voices/Foreclosure/Resale_vs_Foreclosu…
See a previous post in answer to a similar question ...
Resale vs. Foreclosure, MLS Activity
http://www.trulia.com/voices/Foreclosure/Resale_vs_Foreclosu…
Mike Rosen answered:
The large majority of bank owned properties will accept offers with financing. The exception is when a property is in a condition that financing will not be possible. For example, if the property was repossessed in the middle of a remodeling project and the entire kitchen is gutted. A lender may not approve financing for a house in this condition. Usually, in these cases the bank will specify "cash only" in the listing.
As I said, almost all bank owned properties will accept financing though.
As I said, almost all bank owned properties will accept financing though.
Mike Rosen answered:
Hey Imane -
This home is not for sale ... yet. The bank has notified the current owner of the impending foreclosure. Once (or if) they foreclose it will probably a few weeks to a few months before it comes on the market for sale.
See my previous posts for more info about pre-foreclosures ...
Resale vs. Foreclosure, MLS Activity
http://www.trulia.com/voices/Foreclosure/Resale_vs_Foreclosu…
Would be happy to show it to you once it has been listed for sale - can show you anything else you're interested in as well.
Mike
This home is not for sale ... yet. The bank has notified the current owner of the impending foreclosure. Once (or if) they foreclose it will probably a few weeks to a few months before it comes on the market for sale.
See my previous posts for more info about pre-foreclosures ...
Resale vs. Foreclosure, MLS Activity
http://www.trulia.com/voices/Foreclosure/Resale_vs_Foreclosu…
Would be happy to show it to you once it has been listed for sale - can show you anything else you're interested in as well.
Mike
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