- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (3)
- Michael Dunn, "MichaelSDunn"
- Contributions:469
My question for you is: Why do you want to wait? Banks are much more open to Short Sales now that the new HAFA guidlines are in place and you are likely to get just as good of a deal now as waiting until after a foreclosure or trustee sale. You might even be able to help the owner in the process.
It might not even be a short sale, in which case the process will be even easier.
The key is to make sure that a good attorney or title company is involved, as well as a realtor with experience in short sales. You want to be sure that you are getting a clean title and that all other liens on the property are satisfied.
My advice is to not wait until every investor in the area knows about the property when it goes into foreclosure. Go after it now when you don't have any competition.
-Mike
It might not even be a short sale, in which case the process will be even easier.
The key is to make sure that a good attorney or title company is involved, as well as a realtor with experience in short sales. You want to be sure that you are getting a clean title and that all other liens on the property are satisfied.
My advice is to not wait until every investor in the area knows about the property when it goes into foreclosure. Go after it now when you don't have any competition.
-Mike
- Mireya (Mary) Davis, "CitystarRealty"
- Contributions:6
Hello,
It just depends . . . there's an entire process the bank goes through to make sure the property is vacant, tenants have notice ( if any) they inspect the property for damages and repairs, clean the property up, they do an price valuation and then finally put it on the market for sale with a broker - This not set in stone, but many forclosure properties go through this process depending on bank. You my never see a sign either, but may find it on the MLS.
Hope this helps and best to you! Mary
It just depends . . . there's an entire process the bank goes through to make sure the property is vacant, tenants have notice ( if any) they inspect the property for damages and repairs, clean the property up, they do an price valuation and then finally put it on the market for sale with a broker - This not set in stone, but many forclosure properties go through this process depending on bank. You my never see a sign either, but may find it on the MLS.
Hope this helps and best to you! Mary
- Luis Fernandez, "lucho975"
- Contributions:204
it all depends on the bank and the process...just keep an eye out or contact a local agent so they can keep an eye for it.
The foreclosure signs have been taped to the door, how long before house can be purchased? It has b
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.