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BECU Foreclosure Question

I recently went to an open house for a BECU owned foreclosure. I really liked the condo and think it is a perfect fit for myself.  In the past few months I had already spoken with a BECU loan agent and he mentioned that I would be able to qualify for a loan around the price of the foreclosure. What is the proper process for purchasing this property? Do I need my own real estate agent since it is owned by the bank?
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October 06 2013 - Seattle
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Answers (5)

Bank owned properties are typically represented by a listing agent. I strongly suggest you work with a buyers agent who is familiar with purchasing bank owned listings. Dealing with a bank is much different then a personal seller. Banks and their asset mangers have no emotional attachment to the home. They have formulas and criteria they must accommodate to authorize the sale. Many times there are investors involved. Having an agent that knows this stuff is critical.
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November 19 2013
I was just curious what you chose to do.  Did you end up getting a buyer's agent?
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October 20 2013
Yes, a Buyer's Agent is free of charge and is available to help you strategically map out your purchase!   [self promotion and contact info deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]

Best of luck!
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October 20 2013
Yes...without hesitation use a Real Estate Broker for your protection.
 Good luck...
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October 07 2013
you should likely have an  agent represent you if you want a fighting chance at this unit 
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October 06 2013
 
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