What's the best way to find a real estate agent experienced with buying foreclosed properties?

Asked by Max, 94043 Sun Feb 17, 2008

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Web reference:


Dot Chance, Agent, Burbank, CA
Sun Feb 17, 2008
The best thing to do is ask the agents directly what their experience is.
Web Reference:  http://www.DotChance.com
1 vote
Norman Aless…, Agent, San Jose, CA
Tue Sep 16, 2008
Hi Max,
My name is Allyson, I do specialize in bank owned (foreclosed) and short sales properties and I have found my buyers some very good deals. I have just closed 2 bank owned propertys this month and I'm awaiting to hear back from the banks on 6 other offers as well writing 4 more this week. I educate my buyers so they understand the process and what to expect so that when it's time to write an offer they feel confident in what we are doing.
If you would like you can check me out at my web site http://www.homesbyallyson.com where you can also put in a search for bank owned properties for your areas of interest ( south bay area) and you will receive up to date listings and daily updates automatically and it is FREE!!
If you any addtional questions please feel free to email or call.

Allyson Alessandrini
(408) 705-6578
0 votes
David Blockh…, Agent, Los Altos, CA
Sat Sep 13, 2008

I'm not one who is a foreclosure expert, because our immediate area has not seen much foreclosure activity. My advice to you would be to wait until the home has been foreclosed upon by the lender and then buy it as a REO (Banked owned property). The little research that I have done shows that homes that are owned by the bank and then sold, sell for less than homes that are in foreclosure.
Web Reference:  http://www.losaltoshomes.com
0 votes
Don Tepper, Agent, Burke, VA
Mon Feb 18, 2008
Dot's answer is perfect. Just ask. Ask how many. Ask how recently.

Good luck.
0 votes
Christopher…, Agent, Hemet, CA
Mon Feb 18, 2008
I would do a Google search, search Trulia or even look on Active Rain first. Interview a couple, verify what they tell you and then decide. Since the foreclosure - REO market is strong and...getting stronger, many agents, trying to get into the game, claim to be experts yet, have never been involved in an REO transaction.

Inspect what you expect. Selling 1 REO or Short sale property transaction does not an "expert" make.
0 votes
Realtor, ,
Mon Feb 18, 2008
A foreclosed property has either been auctioned off or is currently listed with a local realtor. Check the MLS for bank owned properties.
0 votes
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