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bank owned: Foreclosure FAQ's - Part 4 - 12/14/06 11:18 AM
Here are some more FAQ's. I'm almost at the end.....for now.
Is the Seller Negotiable?
This really depends on the bank that is selling the home. In the past year, we are finding that most banks do not have to negotiate or accept an offer lower than their asking price because there are buyers ready to give them their asking price. There are situations where a home may not be receiving market attention (i.e. it is on market more than 60 days and not sold) and then the Seller is likely to be negotiable.In the end, it is really no different than buying … (2 comments)
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bank owned: Foreclosure FAQ's - Part 2 - 12/12/06 11:37 AM
Here's Part 2 of a long series. I have several FAQ's, but don't want to spend all day typing them here.
Can't I get a better deal purchasing at the Courhouse?Sometimes, but not often. In a hot market, there are generally in excess of 100 people bidding on foreclosed properties at the courthouse steps. Auction fever is common and veteran courthouse observers often shake their head in amusement at the prices being paid for some of the properties. Furthermore, properties purchased at the courthouse steps do not have title insurance. If there are any problems with the property title it becomes the … (0 comments)
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