As far as selling a bank-owned REO property, do the banks generally accept only the HIGHEST qualified offer?

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 [...]

Some remarks on a Listing statement of a Bank-owned REO property…Is there anything tricky to be aware of?

Question by Happy day: Some remarks on a Listing statement of a Bank-owned REO property…Is there anything tricky to be aware of? I quote as follow: “Just Reduced ,000! ! ! Sold AS-IS – lender will NOT make ANY repairs! ! ! REO – Lender Owned Property. Sold As Is, Where Is, And With All [...]

#BANKOWNED #REO home #RedondoBeach #CA. 3 BD/2 BTH/1,280 sqft/2,350 lot/$699,800. #C21 Empire/Team Lares #REALESTATE #LISTINGS #LOSANGELES

#BANKOWNED #REO home #RedondoBeach #CA. 3 BD/2 BTH/1,280 sqft/2,350 lot/9,800. #C21 Empire/Team Lares #REALESTATE #LISTINGS #LOSANGELES – by iecarea (VERONICA LARES)

#BankOwned #REO listed in #Escondido, CA #92027 2br, $80K http://sandiegodom.com/mls/100044137.aspx BANK OWNED….SOLD AS-IS, WHERE-IS…..

#BankOwned #REO listed in #Escondido, CA #92027 2br, K http://sandiegodom.com/mls/100044137.aspx BANK OWNED….SOLD AS-IS, WHERE-IS….. – by sd_bankowned (San Diego REO)

Choose a Reo or Bank-owned Home for a Fantastic Bargain

Choose a Reo or Bank-owned Home for a Fantastic Bargain Home buyers are frequently looking for a good deal on a house. Whether they are upgrading, investing or buying their first homes, those in the market for real estate know that …

Is it true that bank-owned REO properties are usually being sold to the highest bidder?

Question by Happy day: Is it true that bank-owned REO properties are usually being sold to the highest bidder? Banks (REO sellers) only care about the bottom line (ie the final number). They don’t care about other factors such as buyer’s FICO scores (750 or 800), down payment amount (20% or 40%), or it’s the [...]

Buying Bank-owned / Foreclosure Properties (REO) in Massachusetts

Exclusive buyer agent David Kres of Buyers Brokers Only, LLC [ www.BuyersBrokersOnly.com ] discusses how buying a bank-owned foreclosure (REO) property in Massachusetts differs from a traditional home sale. Dave is experienced in helping home buyers and real estate investors find, negotiate and purchase foreclosed homes in Massachusetts and New Hampshire.

#BANKOWNED #REO home in San Jacinto, CA. 4 BD/2 BTH/2,087 SQ FT/$156,000. C21 Empire/Team Lares Veronica.Lares@Century21.Com #REALESTATE

#BANKOWNED #REO home in San Jacinto, CA. 4 BD/2 BTH/2,087 SQ FT/6,000. C21 Empire/Team Lares Veronica.Lares@Century21.Com #REALESTATE – by iecarea (VERONICA LARES)

When a bank-owned / REO house sells for a profit, is this profit passed on to the previous owner?

Question by STacey: When a bank-owned / REO house sells for a profit, is this profit passed on to the previous owner? My understanding is that profits made at auction are passed on to the initial homeowner/borrower. Does this apply if the house does not sell at auction, becomes officially bank property, and sells, …