I live in Buffalo, New York. I have found like 7 properties listed for foreclosure (REO). I have contacted a couple of Realtors about the property but they say they are unavailable. When my dad and I road past the houses they look completely empty. Plus they are still listed on like Realty Trac and on other sites. How can I go about seeing if a property is still available? Also, How can I purchase a Foreclosed house?

I submitted a lower offer on a REO house directly to the listing agent making her a dual agent. Also gave her a deposit check($10,000) made to her agency which she owns so that she can use her company check to write to escrow if deal goes through. But the bank rejected my offer. So I told the broker that I want to back out over the phone & I asked her if I can have my check back. She told me that she doesn’t have time to meet me but she does have other available properties which I don’t have any interest on. From then on, she’s been avoiding me & refuse to give me back my check. I cancelled the check but according to the bank(B of A), the check will be able to be cashed in 6 months so I need to re-cancel it . I contacted the department of real estate and they told me that I can file a complaint. This process can take months. Should I just ignore the attemp to get it back & keep re-cancelling every 6 months? All I want is to get my deposit check back. What should I do?
She’s a California real estate broker by the way.

DH and I found a house we love, but it’s not on the market yet. Our realtor showed it to us because it’s a property she is getting in a couple weeks. Its owned by Freddie Mac, and it’s the best foreclosure I have seen – it’s move in condition. I asked if it would even be in our price range (I was sure it wouldn’t be) and she said it shouldn’t be any more than $60k. She said she needs to find comps in the neighborhood to support a price and she was positive there weren’t any to support a price of more than $60k. We were very excited, so when we went back home I researched the house. It foreclosed for $102k in Jan. 2010, and the previous owner had it on the market last year at a list price of $120k. My question is, how much weight does the listing agent’s opinion have in the bank setting a list price?
I was thinking about them wanting a bidding war, but this is unheard of in my area – it literally never happens.

Say, this REO property is listed at $260K. There are dozen of offer submitted within 3 days. Which of the following offers will the bank (seller) accept? (All buyers are Pre-approved by the lender.)

Offer A:
$325K, FICO 740, 15% Down $48,750, FHA loan.
Inspection contengency removal in 17 days, 30 day escorw.

Offer B:
320K, FICO 792, 20% Down $64,000, Convention loan.
Inspection contengency removal in 10 days,30 day escrow.

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I am a new Realtor with a focus on REO sales. Does any Real Estate Agent or Broker have a list of …or be willing to share the particular questions asked by the Bank Asset Managers when they are screening and interviewing a propective applicant to do thier Broker Price Opinions. Thanks….

we submitted 3 offers to real estate owned properties about 5 days ago. we haven’t heard anything from the listing agents besides that the banks are still reviewing the offer.

the day after we put in one of the offer, the price of the property dropped by $1,000. does that mean the bank is not considering our offer? our offer was $5,000 below asking.

Thank you for answering

I called a couple of banks and they said that they don’t have a list and
to just check the internet. But that just gets me to square one. The listings on the net are very vague and have misinformation that lead me nowhere. I’m going crazy…Please help

it was only listed a week ago and was then withdrawn, the realtor said they will let me know when they are going to relist it, any suggestions as to why it was taken off?