After submitting an offer on a REO house, I couldn’t sleep of worry that the bank might not accept my offer?

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 [...]

3686 Fair Oaks Blvd, Sacramento CA 95864 Home for Sale – Yahoo …: BANK REO. Needs work but this could your dream… http://bit.ly/966PsF

3686 Fair Oaks Blvd, Sacramento CA 95864 Home for Sale – Yahoo …: BANK REO. Needs work but this could your dream… http://bit.ly/966PsF – by sacforeclosures (Real Equity Ventures)

How can obtain information on foreclosed/REO homes for sale by the bank?

Question by M: How can obtain information on foreclosed/REO homes for sale by the bank? 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 [...]

If a bank received three offers with same prices on an REO property, how do the bank do?

Question by Happy day: If a bank received three offers with same prices on an REO property, how do the bank do? How do the bank decide which buyer to sell? Best answer: Answer by RealtorThey will do it with the ones that can obtain the better financing deal, close earlier, or has the best [...]

Expect a “Glut” of Bank Owned Bulk REO Properties Just Like Resolution Trust and Foreclosures in the 1980′s

Expect a “Glut” of Bank Owned Bulk REO Properties Just Like Resolution Trust and Foreclosures in the 1980′s The 1980′s started with a bang. Aggressive real estate investing has run its course and crushed USA economy tough collapse of savings and loan …

Good Saturday Afternoon from Detroit REO Your source for all Detroit Bank Owned and Foreclosed Homes. http://dld.bz/nEvA

Good Saturday Afternoon from Detroit REO Your source for all Detroit Bank Owned and Foreclosed Homes. http://dld.bz/nEvA – by DetroitREO (Mark Wasserman)

Bank costs incurred while holding an REO?

Question by Lulu: Bank costs incurred while holding an REO? I’m trying to get a concept how the REO process works. I understand that when a bank initially takes on an REO, the incur these expenses: the loan balance on the property, accrued interest on the property, attorney’s fees, and all other costs associated with [...]

Bank of America pre approval required before submitting a offer to purchase Veterans Administration REO?

Question by Uni: Bank of America pre approval required before submitting a offer to purchase Veterans Administration REO? Does anyone see anything wrong with Bank of America requiring the purchaser to be pre approved with Bank of America before submitting a offer to purchase, even though financing is in place with another lender? Best answer: [...]

Don’t commit bank fraud on short sales, even if the bank asks you to. http://bit.ly/clQxgj #shortsale #invest #foreclosure

Don't commit bank fraud on short sales, even if the bank asks you to. http://bit.ly/clQxgj #shortsale #invest #foreclosure – by fsicomnet (fsicom.net a’dmin)

if a foreclosed property is in REO status can the bank still get a summary judgement?

Question by old fart: if a foreclosed property is in REO status can the bank still get a summary judgement? can the bank go after me with a summary judgement for payment of the mortgage balance if the house is not sold , and what if the house does not sell for years ? is [...]

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