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3 Rules for Buying a Foreclosure by Leander McClain, Realtor Cherry Hill, NJ
3 Rules for Buying a Foreclosed Home by Leander McClain, Realtor When it comes to buying a foreclosure,
RULE #1 - YOU MUST FOLLOW THE RULES!
RULE #2 - EVERY BANK HAS DIFFERENT RULES!
Rule #3 – YOU ARE NO EXCEPTION!
The rules are so simple and so obvious that even a four year old child can understand. Most of my listings are bank foreclosures. I can’t tell you the number of times I have heard the following lines.
…… My office doesn’t prepare offers that way.
…..We don’t have the forms the bank requires.
….In Gloucester County, that’s not the way that we do things.
….Have you seen this house? (duh….it’s my listing, of course I have seen it)
….Can’t you call the bank and explain to them why my client should be an exception to the rules?
…. We want to put in an offer, but we want to do it our way!
….It’s been two days, how come we don’t have a response to our offer?
…. If we don’t have a response by COB tomorrow, we are withdrawing our offer!
…This is our best and final offer……well maybe our first best and final.
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