Michael Danker, Real Estate Professional in Tucson, AZ Email Phone
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Michael Danker

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  • 3 Answers
Agent at Prudential Foothills Real Estate
Experience:
Real Estate Agent for Prudential Foothills Real Estate June 2007—present
Working as a FULL TIME Agent with Prudential Foothills Real Estate in Tucson Arizona.…
Marketing And Technical Support for Prudential Foothills Real Estate May 2005—June 2007
I worked with company agents to build their businesses using technology and print marketing
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Specialties:
I enjoy working with relocation buyers. I moved to Tucson several years ago, and have been a fan ever since. Sharing my appreciation for Tucson is easy. ... show more
Certifications
& Awards:
e-Certified
Relocation Certified with Prudential Relocation
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About:
As your professional real estate advisor, I focus on client satisfaction. My business is about service. I constantly evaluate my performance as an agent ... show more
Michael Danker answered:
Elaine,

It has been my experience that bank owned (foreclosure) properties are "easier" to purchase than short sale homes (homes that the bank would agree to accept less money from the owner than is owned on the home). You still have to go through the process carefully, and be prepared for more paperwork to review as banks will often want to use their own contracts and forms.

Remember that this home is most likely 1 of many homes, that the bank is dealing with. The home is more tangible for you as you've been there and you want to buy it. For the bank, it is just numbers on a sheet of paper.

Agents shouldn't steer clients away from Short Sale or Foreclosure homes. It is an agent's job to explain the process and issues with any home purchase. If the buyer wants to move forward you should represent their interests.

One reason that agents may want to avoid these homes is that the commission paid by the bank may be less than what is paid by another seller. For the agent, the work and paperwork is still the same, or more labor intensive. - Thu Jul 24, 2008
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