What not to do when buying a Wachovia Bank Owned Home(REO)

Real Estate Agent with Exit Homeplace Realty (Wilmington, NC)

Yesterday was quite disappointing as a wonderful deal slipped away from me.  I've been helping investors scoop up foreclosed real estate here in the Wilmington, NC area.  Yesterday, I learned that you can't drag your heels when submitting an offer.  As the 4th quarter of the fiscal year for banks draws to a close they are wasting no time in clearing their books of REOs.  Lesson Learned!  Get those offers to purchase in as soon as possible for all REOs.

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