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Many buyers today think that the bank owned home is different than other listings.  That is true to some aspects but not the most important one.  As a buyer you deserve to have your own agent represent your needs in the transaction.  Bank owned homes are no different.  You do not have to use the listing agent, the listing agent is working for the bank and not you.

There are a lot of factors you as a buyer should take into consideration when buying a bank owned home.  Make sure you are represented and have your own agent.  Because of the misnuderstanding from many buyers - I have become a "Bank Owned Buyer's Represnentive."

 

12 Comments on Bank Owned Homes & YOU!

DEC
24
2008
200,847 Points 11 Featured Posts

Thesa, So have I!!! I have been representing many home buyers in Ventura County on their purchase of a Bank Owned Home.  Best of luck to you.
1:03pm • #1

Don't get us started on bank owned properties. Our buyer clients are still waiting on the deed from the bank of the foreclosure that they bought.  It has been 13 days and we are still waiting. They will not be in before Christmas.

Scott and I wish you and your loved ones a wonderful holiday season with all of the joy and love that it brings.
1:18pm • #2
487,547 Points 16 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Thesa: I love that advertisment... SO SO true!

Merry Christmas my friend.
3:49pm • #3
649,189 Points 29 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Thesa, I just came by to say Merry Christmas.  It sounds like the time to buy a home in LaPine and have your as their bank owned buyer's representative!!  I just got the okay on one today for a buyer. 
6:08pm • #4
494,577 Points 15 Featured Posts Localism Sponsor Outside Blog

Hi Thesa,

Good info, it's always best to work with someone who knows what the heck they're doing. I know you're the one for La Pine, OR. I wouldn't hesitate one minute in referring you!

BTW, you header of best buying opportunity now, I agree. I just closed today myself on a place and got a fixed 30 year loan under 5%. I'm one happy camper right now!
6:43pm • #5
733,769 Points 231 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Thesa... I am pissed... I had a closing that took place on the 19th of December. I took the loan from another loan officer on the 2nd of December...  the commitment date was on the 12th and all parties involved said it would never happened..  wow, they had their commitment on the 12th, at 10 am...  They even said that I would never make settlement on the 19th, not on a FHA loan. Poof, closing docs where there, the day before the closing date.... but wait, it still hasn't closed. This was a bank owned property, but the bank never had the dead prepared nor owned it 100%.   How backwards was this one.....  Happy Holidays.. hope Mike is well..

jeff belonger
11:48pm • #6
DEC
25
2008
513,653 Points 88 Featured Posts Outside Blog Attended Rain Camp

Thesa,

Although the listing agent represents the bank .....here in FL we have to be fair and impartial.....I always try to help both sides if I can...after all...our job is to close the transaction as smooth as possible and try to make everyone happy.

Wishing you and your family a Happy Holidays.
6:50am • #7
DEC
27
2008
422,778 Points 20 Featured Posts Localism Sponsor Called Shot Master

Hi Thesa, what a wonderful niche market - there are many ins and outs of buying a bank-owned property- Good for you! The buyers who find you to work with them, I'm sure, will be in good hands.

Best wished for 2009!
12:22am • #8
143,149 Points 5 Featured Posts Outside Blog

Thesa - As always, excellent advice. A buyer really needs someone in their corner, especially on a bank owned property. Merry Christmas.
1:51pm • #9
DEC
28
2008
8 Featured Posts

Thesa...as always your rockin'!  I have been working with some Buyer's who are interested in bank owned property, and I have to say that things have been going pretty smoothly.  However, its like you said, they need someone to represent them and make sure things run smoothly.  Best wishes for 2009!
11:23pm • #10
DEC
29
2008
1 Featured Post Outside Blog

Good for you and even better for your clients!  Agents need to be well educated in what's going on "today" and in "their" market.  Having a Real Estate License means nothing unless the agent has the skill set, tools, knowledge and experience to really help their clients.  This is going to be great added value to your business.  Congrats to your success!
9:34pm • #11
JAN
02
2009
389,796 Points 17 Featured Posts Outside Blog

Hey Thesa, "catchy" title. I think we all need to become experts at everything....;-)

Pepper
7:40pm • #12

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Thesa Rainmaker_large

Thesa Chambers, Principal Broker Licensed in Oregon, with

Bend, OR

More about me…

Prudential NW Properties Sunriver

Address: PO Box 4306, Sunriver, OR, 97707

Office Phone: (541) 593-1234

Cell Phone: (541) 771-7064

Email Me

Your Information Source for La Pine, Sunriver, Three Rivers South property information links to search the entire MLS. More than just listings this site will provide information on the market and so much more. Go Ahead and Click You Will Be Glad You Did!


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