Can anyone suggest REO negotiating tactics to get them to accept the lowest possible price?
August 4, 2010 by gtsay
Filed under Foreclosure Properties
Question by Gene F: Can anyone suggest REO negotiating tactics to get them to accept the lowest possible price? I want to buy and live in the property next door to me. The place is a shambles and there is damage to my property from the unpermitted activites of the previous owner. The property is [...]
As far as selling a bank-owned REO property, do the banks generally accept only the HIGHEST qualified offer?
August 3, 2010 by gtsay
Filed under Foreclosure Properties
Question by Happy day: As far as selling a bank-owned REO property, do the banks generally accept only the HIGHEST qualified offer? Regardless each bidder’s financial condition (down payment amount/ excellent credit score/ contengencies…)? For example: Bank’s target price is 0K. Two offers received from two possible buyers. Buyer A: Offer 2K, 5% down, credit [...]
After submitting an offer on a REO house, I couldn’t sleep of worry that the bank might not accept my offer?
August 3, 2010 by gtsay
Filed under Foreclosure Properties
Question by David: After submitting an offer on a REO house, I couldn’t sleep of worry that the bank might not accept my offer? But after hearing the news from my realtor that the bank accepted my offer, I am having cold feet. Why is this happening? Best answer: Answer by capwest5aIt’s because you have [...]
Do banks accept contigent offers on REO properties?
July 25, 2010 by gtsay
Filed under Foreclosure Properties
Question by LifesAMystery: Do banks accept contigent offers on REO properties? We have an opportunity to purchase a house at a great deal that is currently in pre-foreclosure; We would like to make a contingent offer if/when it goes to bank owned. I’ve been told that YES they will accept and NO they absolutely will [...]
How does fannie mae decide to accept an offer on a reo home?
November 8, 2009 by gtsay
Filed under Foreclosure Properties
Question by fdnasal: How does fannie mae decide to accept an offer on a reo home? How does fannie mae decide to accept an offer on a reo home? What is taken into consideration? (Condition of home, listing length etc…) Best answer: Answer by David GAh… young grasshopper inquisitive mind have you… REO’s happen after [...]