Getting Your Offer on a Foreclosed Property Accepted

Real Estate Agent with Coldwell Banker - Pinecrest (Miami) Broker 3058544

To get your offer on a foreclosed property accepted I have found it helps to:

1. Act quickly; the good buys are going very fast - sometimes within hours!

2.  Fill out the contract and the additional forms required by the bank completely; they just don't have the time to chase you down to ask you question.

3. Make your offer as strong, simple and clean as possible; this is not the time to get creative, have contingencies, etc.

4. Submit your offer with a bank letter verifying proof of funds or a pre-approval letter from a recognized lending institution.

5. Be nice to the listing agent - she can really help you out!


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Marie StoryMarie StoryMarie Story QR Code

Broker Associate, ABR,CIPS,GRI,TRC        

Celebrating My 23rd Year in Real Estate

Coldwell Banker 

12651 Pinecrest Parkway (US1)

Pinecrest (Miami), FL 33156


Pinecrest Florida   ~ My Website   ~   Pinecrest Homes For Sale


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Andrew Haslett
Van Warren Home Inspections, NAHI CRI - Fort Knox, KY
Heartland of Kentuckynulls, Best Home Inspector

Marie, yes that is all well and true. But, then you have to deal with the unknowns: the lender's staff -- what day of the week is it? did they wake up on the wrong side of the bed? what kind of attitude do they have? are you dealing with the decision makers?

I've been reading of some difficult short-sale and foreclosure stories on AR, as well as stories about dealing with lenders for loan mods.

Jun 15, 2009 02:54 PM #1
Marie Story
Coldwell Banker - Pinecrest (Miami) - Pinecrest, FL
Broker Associate, Pinecrest (Miami) Specialist

Andrew, I hear what you're saying!  But there is a BIG difference between a short sale and a foreclosure. 

I can handle foreclosures all day long.  But a short sale; won't touch it unless is has already been approved by the lender.

Jun 15, 2009 03:05 PM #2
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Marie Story

Broker Associate, Pinecrest (Miami) Specialist
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