Are you a vulture or a savvy investor?

By
Real Estate Agent with eXp Realty LLC 200311024

Vulture or savvy investor?

You have all seen them, the day the notice of default list comes out, and there is someone on the home owner’s door step with a cash offer. Most of the time the owners don’t fall for these peoples lies, but from time to time the owners waste months and months to find out the banks aren’t going to accept or even entertain these offers. (This then leaves the owners with days to find an agent and a new buyer to avoid foreclosure)

But, then there are the times the banks do accept these offers for whatever reason. So, at this point do you call that person who presented that cash offer a vulture or a savvy investor?

Comments (8)

David O'Doherty
Raleigh Realty Inc - Clayton, NC
Clayton NC Homes, Raleigh, NC

That is one ugly buyer!!

Buyers circling.

Aug 19, 2011 09:48 AM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-755-2905

We're too far out for that to happen...where in the world, Todd did you get someone with THAT profile to stand still long enough to get a photo??  (I would imagine this one would be shy of cameras....)

Great shot, tho.

Aug 19, 2011 10:04 AM
Robert Hammerstein -201-315-8618
Christie's International Real Estate - Hillsdale, NJ
Bergen County NJ Real Estate

Todd - Eeek that is one heck of a bird you got there... I would call them an opportunist actually.

Aug 19, 2011 11:00 AM
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

That's quite a photo.  It's sad how many borrowers get into trouble without understanding what's really happening.

Aug 19, 2011 02:10 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

I am so shocked at ugly that  vulture is I can not think .. 

Aug 20, 2011 04:58 AM
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Wow, Todd!  That bird has one really ugly face!  Never saw a vulture up close like this!

Aug 20, 2011 06:55 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

This picture is worth a thousand dollars...not a thousand words. Did you capture the creature on film..if so where and how?
Margaret

Aug 20, 2011 04:46 PM
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Actually your question is a good one! If it is a short sale, most will not accept the offer unless it is officially listed by a real estate agent! Saavy investor if it helps the seller and gets them out from under their burden. Vulture if the homeowner is actually hurt by the transaction.

Cal

Aug 21, 2011 01:38 AM