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how to buy a foreclosure

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July 04 2013 - Croton-on-Hudson
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Get an agent (which is free) go look at the house, see if you like it.  If you like it, then bid on it...if you don't...move on.

If you want to wait that is fine, but someone else might be waiting too...and then you get in to a bidding war.
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July 04 2013
Find yourself a buyer agent who can show you foreclosed or bank owned properties.  Ken & Lynne provided you with good procedural advice.  Good luck!
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July 04 2013
Greetings,

We know the bank will accept list price but you don't want to pay what they're asking. In fact, theses BPOs (Broker Price Opinion) are coming in high even though the comps supports a lower value.

So you wait. When you see the Asset Manager lowers the price that's when you submit your offer. Keep in mind, you are buying the property in it's "AS IS" condition. Therefore, you will be making all of the repairs.

If you submit an offer this week, you will more than likely get a response by next week and close in 30 to 45 days. Hope that helps. 
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July 04 2013
 
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