Hello, Just to explain a little of the purchasing repossed home process.
1. You need a pre-approval letter from the bank if not paying cash, at the time of an offer.
2. You need a certified check which most of the time is made out to the listing office.
3. You need lots of patients because in most cases now it is going directly to the bank and we know they have lots of them. after they accept the initial paper work on a general rule it is then taking about 3 weeks to get an answer.
4. Then they either accept your offer, reject it or counter it.
5. Then a couple more weeks.
6. Then when it is worked out you get your inspection, of which you can take it or withdraw your offer.
7. Then you wait for it to close which then is always a rush.
Good Luck, if you have time you can get a great value.
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