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 [...]

RT @MySecrets3 (Elmer McCullough)Get BPOs that lead to Reo Listings! A Realtor Must Have!: Banks Need Bpo Agents N… http://bit.ly/9jKZvM

RT @MySecrets3 (Elmer McCullough)Get BPOs that lead to Reo Listings! A Realtor Must Have!: Banks Need Bpo Agents N… http://bit.ly/9jKZvM – by BPOGuru (simple simon)

Real estate, does banks sell the reo property for what was owed on it or what its worth after appraisel?

Question by Aintitthetruth: Real estate, does banks sell the reo property for what was owed on it or what its worth after appraisel? i dont understand why I see houses that are worth 100 000 or so selling for 10 000 or less. It makes no sense. Best answer: Answer by SmicklesNeither…. just as much [...]

I’m buying a REO home and it has been winterized. Why do the banks do that in Phoenix, AZ?

Question by Suggie: I’m buying a REO home and it has been winterized. Why do the banks do that in Phoenix, AZ? Also how much does it usually run to de-winterize it. Thank you! Best answer: Answer by John ReidIf it winterized, it is summerized also. Your air conditioning will be a lot more efficient. [...]

Banks and REOs – The Guide to Monetizing Foreclosures

Banks and REOs – The Guide to Monetizing Foreclosures There’s some money to be earned buying and selling real property, especially REOs, or real estate owned. These are real properties foreclosed by banks and unredeemed by the former owners within the allotted …

Why Banks Prefer to Sell Bulk REO Property

Why Banks Prefer to Sell Bulk REO Property Bulk REO investments are one of the hottest ways that people are looking into in order to provide themselves with some sort of financial stability in these fiscally trying times. If you are looking at bulk REO investment as a way of getting a good investment deal, [...]

Do banks accept contigent offers on REO 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 can you directly advertise services to a Banks’ REO manager?

Question by Mitch: How can you directly advertise services to a Banks’ REO manager? I’m in an industry that renovates water-damaged homes, anyone know of an effective way to advertise your services to them? Best answer: Answer by kemperkthe technical difference between PR and advertising can “make your day” here. Advertising is the PAID dissemination [...]

How to List REO Homes for the Banks

How to List REO Homes for the Banks Learn how to List REO homes for the Banks. Due to the current foreclosure epidemic, REO Agents are in extremely high demand to list and sell these foreclosed homes for the banks. New reports …

What type of terms will banks give on REO properties?

Question by lifesaverfinancial: What type of terms will banks give on REO properties? If I go above the asking price are banks willing to give better terms such as paying closing costs and down payment? If possible this would allow me to buy with little or no money out of pocket. Best answer: Answer by [...]

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