Posted on August 22, 2009The Short on Short Sales
Once you get an offer from a qualified buyer, you can submit the short sale paperwork to the bank. The bank should then order the Broker’s Price Opinion – someone appointed by the lender to evaluate the property and name a figure that they think the...
Bank Owned Properties Articles
Posted on June 29, 2009Scottsdale, Arizona DC Ranch, Grayhawk, and Silverleaf Foreclosures / Short Sales
Forelcosures and Short Sales. An Executive Sales Associate (Realtor) with Coldwell Banker Residential Brokerage in North Scottsdale discusses North Scottsdale Communities such as DC Ranch, Silver Leaf, Troon, McCormick Ranch, McDowell Mountain...
Posted on June 8, 2009REO Properties: The Safer Bargain?
REOs aren't for everybody; they have as many problems and issues as other homes, sometimes more. However, in these times, the price you pay can more than offset the cost of restoring the house to its former glory.
Posted on February 7, 2009Pros and Cons of Buying a Foreclosure Property
Purchasing a foreclosure property, whether it be a pre-foreclosure, short sale or bank owned real estate is not for everyone. You have to do your homework, get representation and be prepared. After this financial crisis, when the smoke clears,...
Posted on September 29, 2008Buying Bank Foreclosure Tips
Many banks sell their REOs through local real estate agents trying to get the highest amount while at the same time representing any prospects to close it off the bank or lender's books. Check with your agent for the hot list of properties and let...
Posted on September 5, 2008Bank Owned REO Income Property
. In most cases, the lender is the bank, which is why you hear the term “bank owned properties or “Bank REO's". When buying in the post foreclosure phase, the bank or the lender is the owner of the property by either through a pubic auction or an...
Posted on May 24, 2008The REO Advantage
With an REO purchase you won't have to worry about tenants and possible evictions as you sometimes have to deal with in the case of a foreclosure purchase.
Posted on March 10, 2008Bargain REOs and Foreclosure Homes May Soon Disappear
Foreclosure 'bargains' may soon be thin on the ground and this may cause a 'rush' on the listed sales now available. The good news is that there is a more expansive program just introduced to help distressed home owners.
Posted on March 9, 2008Foreclosures: A Disappearing Bargain Investment
Does the possibility of buying a foreclosure property leave you feeling slightly uncomfortable? It is a sad reflection on the times to write that it is currently a good time to invest in a foreclosure property - but - maybe not for long!
