Profile picture for mcool1993

how do you buy a Foreclosure

what is the fasted way to buy a Foreclosure do you go to the  loaner or realtor
thank you
  • March 28 - Boyertown
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Answers (2)

Profile picture for Outer Banks N C
If you mean a house that previously was foreclosed by the bank, then it is no longer in foreclosure it is likely now bank owned and is called a bank owned home or REO property. The bank will get around to listing it with a Realtor on the local MLS where you can have your Realtor get you in and help you make an offer on it to the bank. The bank that owns it often gives it to an asset company to sell for them so it is futile to go to the bank to try to buy it.
  • March 28
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You go through your Realtor and make an offer. By 'loaner' I am assuming you mean the bank that has taken possession of the property. The bank hires a Realtor or auction company to market and sell foreclosed properties, they do not sell the properties directly.
  • March 28
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