how do I buy a bank owned property?

Asked by amandaboleski, Celina, OH Fri May 24, 2013

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James Gordon…, Agent, Hamilton, OH
Sat May 25, 2013
Contact a local Realtor® as most lender owned properties are listed on your local MLS when they are available for sale. Be prepared to look at homes that are not in move in condition. Get preapproved by a lender that offers the FHA 203(k) loan program. From your Realtor® get the names of a couple of preapproved contractors and select the one you think you want to work with.

Now go look at lender owned properties as you are prepared to go in and make an offer on them.
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Tina Lam, Agent, San Jose, CA
Fri May 24, 2013
There are many ways available. The most direct way is to contact the listing agent. Or, you can go to various auctions available.
Web Reference:  http://www.archershomes.com
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