Foreclosure in Williamstown : Questions & Answers

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Tim Ambrose, Real Estate Pro in Castro Valley, CA
Tim Ambrose answered:
2 REOs sold for 235,000 & 250,000 in last 9 mths. I want to bid 240,000 in same dev. Original for all 400,000.
Hi Brenda,

Not knowing much about the area or the condition of the homes, I'd say you are on the right track based on the comps you mentioned. Hire a local realtor to look into the ... more
0 votes Share Flag Tue May 12, 2009 Foreclosure in 08094
Laura Gianno…, Real Estate Pro in New Jersey
Laura Giannotta answered:
What options do I have for purchasing a REO house?
Hi Brenda, I guess you're talking about financing. Does the home need alot of work, can a Certificate of Occupancy (CO) be obtained without a great expence? If so you could go for a t ... more
0 votes Share Flag Mon Oct 31, 2011 Foreclosure in 08094
Dawn Bricker, Real Estate Pro in Winslow, NJ
Dawn Bricker answered:
I have my house on the market and need it to purchase a REO. Will the bank work with me e.g. contingency?
Most banks will not work with you or even negotiate in regards to a contingency offer. Your best bet would be to develop a plan B and see if you can purchase without selling your existi ... more
0 votes Share Flag Mon Oct 31, 2011 Foreclosure in 08094
Kimberly KIM…, Real Estate Pro in 08087
Kimberly KIM Wojcik answered:
Can the taxes be lowered on a bank owned home if it is purchased much lower than the original price?
Good moring Brenda,

Suggestions regarding lowing taxes on any property, ask the township tax assessors office procedure of appealing property taxes. In my area, the property owner h ... more
0 votes Share Flag Sat May 9, 2009 Foreclosure in 08094
Chris Mabry…, Real Estate Pro in Tucson, AZ
Chris Mabry SRS,e-PRO answered:
How does the buying process for foreclosures or FSBOs differ from homes sold by agents?
Brenda,
Chances are that if a home is a foreclosure then it will be listed for sale by a real estate agent hired to represent the bank and market the property. Unless you are attempti ... more
0 votes Share Flag Sat May 9, 2009 Foreclosure in 08094
Laura Gianno…, Real Estate Pro in New Jersey
Laura Giannotta answered:
If a house is a bank owned foreclosure property can I still bid lower on the foreclosure price listed?
The simple answer is yes. I've had offers accepted on foreclosure properties that were nearly $20,000 under asking. What you need is a comparative market analysis to determine the val ... more
0 votes Share Flag Mon May 11, 2009 Foreclosure in 08094
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