What You Need to Know About Buying Foreclosures

By
Real Estate Sales Representative with Fieldstone Real Estate

On my personal blog, I have posted a step by step series on buying foreclosures... click below to be taken to the post that interests you most....  Agents getting into this for the first time should read this, as well... you must be able to warn your clients about what to expect.  Bottom line - are REOs a great deal?  THEY BETTER BE - and here is why.

The Truth About REOs:  http://therealestatewhisperer.blogspot.com/2008/06/whats-reo.html

Ready to Buy: http://therealestatewhisperer.blogspot.com/2008/07/ready-to-buy.html

The Great House Hunt:  http://therealestatewhisperer.blogspot.com/2008/07/great-house-hunt.html

3 Part Series on Making an offer:

        http://therealestatewhisperer.blogspot.com/2008/07/making-offer-on-reo-part-1-price.html

        http://therealestatewhisperer.blogspot.com/2008/07/making-offer-on-reo-part-2-financing.html

        http://therealestatewhisperer.blogspot.com/2008/07/making-offer-on-reo-part-3-deadlines.html

2 Part Series on Contract to Close:

        http://therealestatewhisperer.blogspot.com/2008/07/contract-to-close-process-for-reo-part.html

        http://therealestatewhisperer.blogspot.com/2008/07/reos-contract-to-close-pt-2.html

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Tags:
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Rainmaker
27,017
Janis Olson
RE/MAX At Barnegat Bay 609-978-4046 ext: 5114 - Manahawkin, NJ
RE/MAX At Barnegat Bay, 609-276-1741

Thanks Vicky for taking the time to share all of that.  I will definitely checkout each link. :-)

 

Jul 28, 2008 01:43 AM #1
Rainmaker
1,550,777
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Good info. I checked out a couple of the links. Nice and concise, and not too long! Long can get boring!

Jul 28, 2008 01:52 AM #2
Ambassador
1,212,284
Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Central Maryland

This is excellent info. I have bookmarked this for later review.

Jul 28, 2008 02:28 AM #3
Rainmaker
108,709
Vicky Chrisner
Fieldstone Real Estate - Leesburg, VA

Yes, long is boring - this is boring, but useful - and broken into sections so you can refer to what is interesting to you as you need it... however, please look through it all before you write on anything - you don't want to learn the hard way, like I did in some cases.

Jul 28, 2008 02:45 AM #4
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Rainmaker
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Vicky Chrisner

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