Is there any way to get a notice when a homepath property has been listed for about 120-130 days?

Dan, "the_country_hick"
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I was told that homepath sends their properties to auction at about 150 DOM. That means it should make sense to make an offer just before it goes off to auction if interested. Is there any way to make this work?

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January 26 2011 - US

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Answers (3)

Paul Fennell, "pfennell"
- 4.6/5.0
- (7 reviews)
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Here is a link to one of several auction companies that auction properties that are Fannie Mae or Freddie Mac after they have been listed to 140 to 150 days:

http://www.williamsauction.com/

You or your agent can either go to the site an "pull them off " the auction block and buy them - still being able to use bank financing. They can even be viewed by the general public. You can also go to the auction and bid on them - a lot of the minumum bids are quite a bit lower that the listed REO prices ( cannot say I have been to these auctions, but have helped someone pull a property off the auction block )

Good luck

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January 27 2011

Grace Keng, "Gracesellhomes"
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- (4 reviews)
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If you don't have a real estate agent, you may check the web site
[Link removed by moderator] to find a home path home and find out the listing agent then you may contact the agent to find out the days.
Grace Keng
Re/MAX RES
[Link removed by moderator]

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January 27 2011

Nick Setting, "NickSetting"
- 4.9/5.0
- (8 reviews)
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Actually that would not be the best time. After it comes back from auction is usually the best time to make an offer. As for the 120-130 you would need to have an agent tracking the days on market and have them notify you directly. Not all homepath properties go to auction since some are Freddie Mac and some are Fannie Mae.