Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.
If you are in a state that the County Sherriff does the sale, you would do well by yourself to search their site thoroughly. They will tell you about the sale, ie. what you have to bring with you, amount of time allowed for "recapture", and other pertinent information.
I have all of my local County Sherriff's websites saved into my favorites, and check them weekly which is much more efficient than searching the newspaper.
RealtyTrac also offers this as well, but you have to pay for it.
Good luck
Finda a good broker and he can help you. Remember, the seller (the bank in some cases), will pay for the comissions. So as a buyer, there isn't a reason not to use a buyers agent.
Lender rating
Please remember that we are experiencing historically high foreclosure rates... The banks that own these properties are so "bogged down" they can barely keep up. Once you submit an offer on a REO (bank owned) property, it could sit for weeks before someone looks at it.
My real estate investment company put an offer on a property (held by Countrywide) in February, we didn't get the accepted offer until end of April..... But, we got an amazing deal !!!
My advice to anyone bidding on a REO property is to have patience- they will get to you- the banks want their money back..... but those asset managers are WAAAAAAY behind.
If you want to do bank owned homes find a Realtor. They have access to the majority of the Bank Owned properties and the training to help you get a good deal. Plus their services on the buying end are free to you.
... and, it's free and anonymous
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Bank owned homes
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There is a lot less wait time if it is already bank owned compared to if it is up for a short sale right? Does someone know a good website to go for recent and current pre-foreclosures?
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