An REO bank owned property was put on the market 7 days ago. I finally got my finances together and ready to make an offer but only to find out the listing agent has already sent of 5 offers for the bank to decide. Now my agent is calling the listing agent to see if she will be accepting our offer. Am I too late?
I have found a house that has gone through the foreclosure process and is now bank owned or REO. Called the bank, which said it is an investment property. Got the contact information and was told the house is going to HUD. The house is not listed on HUD.gov. So, how long will it take for the house to be listed on HUD.gov?
I did a little research myself and the websites that list these things need my credit card to sign up. Is there some kind of free resource? Also, someone on yahoo answers said you should go to the county court? Where is that? Thanks
Second question: Are preforeclosed homes a good deal? What about REO homes? As compared to for sale by owner. Thanks
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I made a list price offer on an REO home and I failed to get any re-offers on this home. After 4 or 5 days, the MLS listing was removed from the database. It seems as though there’s an “inside” real estate agent who’s trying to get a deal for a family or friend. Is there anything I can do in this situation?
Can you really get a house that is a bank owned foreclosure for less then 30 000 even if its worth maybe 100 000. How are the prices determined. I see a lot of houses which banks owned selling for 30,000 that are supposely listed above 100,000. Just confusing when I hear banks wants the highest possible price.
we found a home that has been foreclosed for over a year now, the bank is not currently trying to sell it but the transfer value is so lo because the previous owners had their mortgage mostly paid off should we make an offer?
We want to buy a reo property in Maryland. we were intially in the market to buy a SFH on sale by owner. but this reo property is right where we want to buy. the listing agent is very difficult to get a hold of. the house is offered at approximately 12% less than the market price. it has not been occupied in atleast a year. the home has been winterized. we are not sure if we should just offer the listing price or we should ask for less than the listing price. we also don’t want to get into a bidding war and increase the cost.
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