bank owned advice: REO Urban Legends - 11/13/09 04:07 PM
It seems like everybody has a story about a cousin or brother in law or long lost Uncle who offered half of the asking price on a foreclosure and got it. It has almost reached urban legend status in this market. I have bad news for people that believe this … (25 comments)
bank owned advice: Bank Owned Furnishings - 10/19/09 12:24 PM
When it comes to agents that list bank owned properties, they seem to fall into two distinct categories. The first group takes their time and makes sure the house is completely ready to be sold. These agents make sure that the house and yard are clean and presentable. They also post … (0 comments)
bank owned advice: Bank Owned Checklist - 06/02/09 04:02 PM
Recently, it seems like every time a good bank owned property comes on the market, it is like blood in the water with four, five or more offers coming in. If you want to have a chance at snagging one of these good deals away from the other sharks, you need … (0 comments)
bank owned advice: Watch Out For The Other Guy - 05/04/09 01:13 PM
One of the benefits of the market being in decline is the mass exodus of bad agents. If you are a buyer or a seller, the odds are much better that you will get a competent agent to represent you. Unlike days past when an agent just had to sit … (1 comments)
bank owned advice: REO Timelines - 04/18/09 01:48 PM
Buying a bank owned (REO) property is a much different process than a traditional listing and it is imperative that your Realtor know the difference. If your Realtor is not aware of the differences, they could not only cause you to lose the property, but also cost you money in … (6 comments)
bank owned advice: Better Than Bank Owned - 03/24/09 12:43 PM
Originally Posted at www.bigbearilluminated.com
With all the fervor over bank owned properties, it is sometimes easy to overlook homes listed by an actual homeowner. This can be a big mistake. If the homeowner in question is savvy on market conditions and has a good Realtor to advise them, traditional listings … (0 comments)
bank owned advice: A Word of Warning Regarding Bank Owned Purchases - 01/22/09 01:54 PM
I just went through a very frustrating experience and thought I would share it in the hopes it may help someone else. It has to do with the policy many banks have adopted of forcing a buyer to pre-qualify with the banks lender of choice before they can submit an offer. … (10 comments)
bank owned advice: Bank Owned Advice - 01/09/09 03:39 PM
Originally Posted At www.bigbearilluminated.com
Buying a bank owned home is an interesting process. Sometimes it is swift and painless. Other times, it is an incredible quagmire. No bank operates in the same manner. Every single one will have different requirements and procedures that dictate how they do business. If you are … (4 comments)
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