Zillow Advice: Buying a Foreclosure - looking for an agent in weymouth,ma. that deals in forclosures http://www.zillow.com/advice-thread/looking-for-an-agent-in-weymouth-ma-that-deals-in-forclosures/509055/ Zillow Advice | Zillow Real Estate Tim... with due respect, ... http://www.zillow.com/advice-thread/looking-for-an-agent-in-weymouth-ma-that-deals-in-forclosures/509055/ Tim... with due respect, can't disagree more.&nbsp; I know you are focusing on the technical term " foreclosure " vs bank owned.. but it's common knowledge that most buyers use the term foreclosure when they mean bank owned.&nbsp; No need to nit-pick.&nbsp; <br/><br/>I believe it's very important to deal with an agent familiar with Bank Owned/REO properties.&nbsp; Here in MA our typical deal is structured very different than the rest of the country... so bank contracts, timeframes etc are very foreign to our buyers here.&nbsp; So it's incredibly important that a buyer's agent/broker prep them for what to expect, property value the property knowing a bank will not renegotiate an inspection, protect them with the restrictive dates, notify them of insurable vs marketable title being conveyed.. as well as an overall knowledge of the practical ways an bank sells as opposed to an individual... to name a few.<br/><br/>You'd be surprised how happy many of the bank/REO agents are to find out the agent they are dealing with knows how to navigate a REO/bank owned transaction...since so many of the deals fail and they prefer to deal with someone represented well and who knows the process.. I think all these things help a well prepared buyer buy a bank owned on the best price and terms.<br/><br/>All that being said.. Love the outer banks.. my family has gone there to visit family for the last 30 + yrs :) Sat, 31 May 2014 22:49:00 GMT http://www.zillow.com/advice-thread/looking-for-an-agent-in-weymouth-ma-that-deals-in-forclosures/509055/ 2014-05-31T22:49:00Z Hi, I am an agent in Weymouth ... http://www.zillow.com/advice-thread/looking-for-an-agent-in-weymouth-ma-that-deals-in-forclosures/509055/ Hi, I am an agent in Weymouth with experience helping buyers purchase bank owned properties. Wed, 28 Aug 2013 22:19:00 GMT http://www.zillow.com/advice-thread/looking-for-an-agent-in-weymouth-ma-that-deals-in-forclosures/509055/ 2013-08-28T22:19:00Z Agents don't work with or ... http://www.zillow.com/advice-thread/looking-for-an-agent-in-weymouth-ma-that-deals-in-forclosures/509055/ Agents don't work with or deal with homes in foreclosure. There is no one there to pay the commission, unless you want to when you buy it. <br/><br/>Wait until after the foreclosure is over, since you need cash to buy them at the auction, and when they become bank owned homes. The bank lists them for sale with a Realtor and now ANY Realtor can show and sell them. You don't really need any special training to buy them from the bank. Wed, 28 Aug 2013 21:23:00 GMT http://www.zillow.com/advice-thread/looking-for-an-agent-in-weymouth-ma-that-deals-in-forclosures/509055/ 2013-08-28T21:23:00Z