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Buying Bank Owned Foreclosure Homes

Reblogger Patti Ann Kasper
Real Estate Agent with EXIT REALTY NEXUS

Great Information from Frank!

Original content by Frank D'Angelo 20558573

 Your Trusted advisory for safely obtaining BANK OWNED REO's, Short Sale.  We are based in Minneapolis MN and networked Nationwide.

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With any real estate transaction, you should be aligned with proven professionals who are looking out for your best interests exclusively. This is especially true with REO properties and Short Sale Transactions.

However!! Buying a Bank Bank Owned or Foreclosure property is very different when compared to the conventional purchasing process. If your next purchase will serve as your personal residence or as an investment property, you need to be aware of the unique procedures, advantages, disadvantages and criteria involved in such a purchase before waffling through the mixed and often times, outdated inventory of Properties posted for sale. Getting started with a MN REO TRAINED PROFESSIONAL is fundamental, particularly with one who will respond to your needs quickly, thoroughly and efficiently. 

To really understand the current real estate marketplace, let us classify the residential marketplace into 3 categories: RETAIL, SHORT SALE and REO's (Real Estate Owned, better know as Bank Owned Homes For Sale). The media tends to through all residential real estate into one mixed bag when commenting about market trends and consumers searching the internet with available resources are viewing the inventory from one mixed pool as well. They may all look similar on the internet, some also look the same inside, yet the price spectrum range as much as 70% for similar looking properties. Consumers may allude the obvious bargains or good deals if they only focus on price. The abundance of posted inventory for sale becomes very confusing and frustrating to the average consumer and also to the un-trained agents. Many posted properties are either un-realistic in price, terms and/or conditions partly because of the sellers equity position. Supply and Demand ratios, pending/sold, and listed versus sold price statistics are all skewed because of the mixed bag of posted inventory available.

 

From the categories outlined above, BUYERS NEED TO BEWARE!!! There are many properties posted for sale and literally un-attainable for a variety of reasons. Some listing agents post distressed properties for sale with little knowledge or awareness of the sellers abililty to handle the foreclosure situation.  Furthermore, lending institutions that are associated with the distressed properties are overwhelmed with the workloads associated with negotiating and mitigating losses with their consumers.

Foreclosure Seminars 

 Foreclosure Tours

Meanwhile, buyers and agents are out floundering with the many properties that are literally un-attainable for purchase. Some buyers get very excited about the price on a foreclosure/short sale property, submit a purchase agreement and too often wait in frustration.  Weeks later they hear a variety of reasons/excuses associated with the lack of response, knowledge, communication and/or experience in the foreclosure market. Frustrations set in for the buyers who are generally not in a position to be patient, so they continue to search without any guidance or without an REO Professional.

If you answered yes to any of the above, simply click on your preferred 'Wanted' ad or Call us directly at:

 MN REO EXIT  (763) 548-1402

Good Foreclosure Properties Available Finding Good Short Sale Properties



Counties serviced include:

(MN) - Hennepin, Ramsey, Dakota, Anoka, Scott, Carver, Washington, Chisago, Isanti, Wright, Sherburne

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Minnesota's Foreclosure/REO TEAM

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Real Estate Brokerage: EXIT Realty Executives

Sheldon Berquist & Frank D'Angelo

Enter Top 50 Real Estate Agents and vote for this agent! Bank Owned, Foreclosure, REO Properties For Sale, Exit Realty Minnesota, Minneapolis Homes For Sale, St. Paul, Blaine, Coon Rapids, Minnesota, Real Estate Listings, Homes For Sale, Home Buying, Selling, Agent, Blaine Real Estate, Blaine, MN Real Estate, Blaine Houses For Sale, Blaine Home For Sale, Blaine, MN Real Estate, Blaine Homes For Sale, Blaine Realtors, Blaine Realty, Blaine Reality, Blaine Realty Listings, Blaine Minnesota Real Estate, Coon Rapids Real Estate, Anoka Real Estate, Andover Real Estate, Anoka County Homes For Sale, Blaine Home Listings, Coon Rapids Home Listings, Anoka Home Listings, Andover Home Listings, Anoka County Vikings Stadium, Hassle Free Listings, Real Estate In Blaine, MN, Blaine Realty, Blaine Realty, Forest Lake Homes Lakefront, Crystal, Roseville Homes, Vadnais Heights, Moundsview, St. Anthony, Eden Prairie Homes, Minnetonka Homes For Sale, Orono Homes Estates For Sale, Minnetrista, Lake Minnetonka Lakefront Homes, Shakopee Homes, Savage Homes, Burnsville Homes, Bloomington West Homes For Sale, Edina Homes, Bloomington Townhomes, Richfield Homes For Sale, Plymouth Homes, Golden Valley, Princeton, Zimmerman, Medtronic, General Mills 3M Cargill Corporation Inc, Relocation Specialists, Lake Minnetonka, Referrals, Insurance, Insure, Fire, Title, Hennepin County Real Estate, Twin Cities Real Estate

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I'm armed to the teeth with Real Estate Technology, and when it comes to
negotiating on behalf of my clients, I'm a tenacious little pit bull!

Patti Ann Kasper, REALTOR®
EXIT REALTY NEXUS
763-498-2088 cell    763-548-1418 office
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