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Foreclosure in 44647 : Real Estate Advice

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Tue Jun 12, 2012
Terrence Gay answered:
Look for a REO wholesaler in your area. A place to find them is by locating a REO (real estate owned by banks) listing realtor in your county. Houses in a bank's inventory are offered through these REO listing agents and most federal and state laws allow one broker/agent per realty to offer these properties, but REO wholesalers usually sell them in 1 to 3 days. Typically REO listing agents notify REO wholesalers who put in offers and are the first buyers in just about every market in the country. A REO listing agent can tell you about some of the REO wholesalers he or she deals with. Most REO wholesalers don't do "one off" sales unless you are a cash buyer. If you are they will be glad to sell to you. If you are seeking conventional financing, then probably not. - Good luck. ... more
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