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General Area in San Leandro : Real Estate Advice

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Activity 1
Sun May 8, 2011
The Medford Team answered:
Nabeil Mohamed:

As Pacita explained, you can use sites like www.foreclosureradar.com to locate pre-foreclosures and pending auctions. However, once you have the information, what will you do then?

(1) If you find a pre-foreclosure you are interested in, you will need to contact the owner and offer to buy the property through a short sale. The bank won’t talk to you – you’ll need a Realtor with extensive experience in short sales.

(2) If you find out about a property going to the auction at the courthouse steps, you’ll need to check title for liens, get access to the home (tricky if someone is still living there) and purchase with cash. It’s not a job for the faint heated.

(3) If you find a foreclosed home you like – 99% of the time it will end up on the MLS as an REO listed by an REO listing agent who won’t talk to you. You’ll need a Buyer’s Agent Realtor with extensive experience in foreclosures.

Or … you can get a Realtor NOW who will do (1) and (3) above for you and make your life a whole lot easier!
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