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Foreclosure in Exeter : Real Estate Advice

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  • Local Info3
  • Home Buying13
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Fri Jul 23, 2010
Ian A. Wolf answered:
Simply, there is a lag between when a home becomes an REO and it is ultimately listed for sale. There really is no exact timeline for this period, because many factors are involved. Some bank may want to control the amount of inventory they have on the market at any given time, and as previously mentioned, sometimes evictions or other matters need to be resolved before the property becomes marlketable. If you want a home that is an REO and not currently listed. Your best bet is to check the foreclosure filing for who the bank is, contact that banks REO department, find out who administers the marketing of the REO(could be a servicer), then from that entity see which agents/brokers typically list the home. You can then contact them each and let them know to notify you when they get the assignment and that you are interested. Many REO agents will line up buyers and show the homes before they are officially for sale. If you know which attorney handles the REOs for that bank, that could also be good. Hope that helps.. ... more
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Thu May 28, 2009
Goat answered:
Two ideas:

I have always found it fascinating that auction winners are contented in winning said auction. In fact the winner has just agreed to buy that item at a price at which no else would. Is not that the definition of overpaying? Hmmmm. I know the real winner is the auction house.

Anyhow, the question is constructed in a way that leaves me with...errr...more questions than answers.

Looking to put the cash to work as an investment? If so you will need to buy physical silver and or gold bullion as it is about the only bull market available today. Buy on the dips of course.

Fyi, a hedge fund manager by the name of Paulson known for shorting the housing bubble to make $4 billion is buying billions in gold and silver. Article here:
http://www.marketfolly.com/2009/05/paulson-co-john-paulson-buys-tons-of.html
... more
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