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Brett Dunne
"TOP 2% IN REO & UP-SCALE HOMES"
- 81 Helpful Answers
- 202 Answers
- 1 Listing
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REO (Bank Owned Properties) And Up-Scale Homes.
About:
Multi-Million Dollar Producer; Awarded “Rookie of the Year” first year at Keller Williams. Brett was elected to the Agent Leadership Council during
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Brett Dunne answered:
Hi Hank:
You stated in your question:
"Do I have any options now that it is going in to foreclosure or do I have to wait until the whole process runs its course? I am told that the bank now owns the home."
The bank cannot "own" the property until the foreclosure process is completed, not started. Here in California we can submit offers during the 3+ months it takes for non-judicial foreclosure on special CAR Forms. This can be complicated and time consuming. I suggest that you contact a local Realtor for additional help.
You stated in your question:
"Do I have any options now that it is going in to foreclosure or do I have to wait until the whole process runs its course? I am told that the bank now owns the home."
The bank cannot "own" the property until the foreclosure process is completed, not started. Here in California we can submit offers during the 3+ months it takes for non-judicial foreclosure on special CAR Forms. This can be complicated and time consuming. I suggest that you contact a local Realtor for additional help.
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