foreclosures: Foreclosure FAQ's - Part 5 - 12/18/06 03:17 PM
Here's the last part of the Foreclosure FAQ series. I am an investor purchaser, why am I being told my deposit is non-refundable? In 2004, several of our corporate clients adopted a policy towards investor purchasers, in essence removing financing and inspection contingencies. This in essence makes the investor purchaser's deposit non-refundable. This … (4 comments)
foreclosures: 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 … (2 comments)
foreclosures: Foreclosure FAQ - Part 3 - 12/13/06 01:12 PM
Here's a few more Foreclosure FAQ's that I get from buyers and other agent. Doesn't the Bank or Mortgage company want to get this home off their books, after all, they are not in the real estate business? Absolutely. However, as a rule of thumb, for every $3000 they reduce the price, they … (7 comments)
foreclosures: 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 … (0 comments)
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Here's the last part of the Foreclosure FAQ series.
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