Dont' Forget- It's Time to Spring Forward! - 03/09/10 01:02 PM
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Looking for a Foreclsoure Bargain? Don't Expect the Bank to Give it Away. - 03/07/10 08:56 PM
 
Almost everyone is looking for and expecting to get a great bargain these days.  There’s no question it’s a buyer’s market, but when it comes to foreclosures, don’t expect the banks to give it away, any more than a private seller would.  REO’s (i.e., foreclosed, bank-owned) properties do offer some of the best bargains around, but if you’re expecting banks to accept your lowball offer, you need to keep in mind a few things.
First, banks have already taken a substantial hit by the time they become the owner of the property they have foreclosed on.  They’re not in a … (0 comments)