Hi

I’m looking for a new creative real estate investment strategy. I was thinking of trying REO or bank owned foreclosure properties. Can I get a good deal from these types of properties, say at least 20% off market value? If I pay the “repo amount” is that the only costs involved; will I own the property free and clear? Thanks

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 not accept the offer.

Our agent tried to ask the seller’s lender, but they won’t give a straight answer (although she said it may be an issue). And I’ve tried calling banks to find out their standards, but couldn’t reach a human and the automated system didn’t know.

Hopefully someone here does. Thanks!

I have been researching for quite some time now. After months of calling banks I get no where. I am wondering how the few agents in my area (arizona) get 20+ Listings a month from the banks. This is a great market for agents as bank owned properties in Arizona are selling like hot cakes.

How to list REO Properties? How to become an reo agent?

Anyone have any ideas or direction?

There is a new build in our area that is bank owned and a realtor has listed it at $339,000. We looked up county records and it showed that the bank bought it back or paid it off for $230,000. How negotiable are banks with REO’s? Would we be crazy to offer them $235,000 for the home? thanks!

Your only source for bank owned reo foreclosure properties.

I am looking for a good deal on an apartment complex as an investment. I know there are foreclosure sites out there, but I can not find any sites to find commercial or multi-unit foreclosures and bank owned properties (REO). Can anyone help lead me in the right direction? Thank you so much everyone!

I am looking for a good deal on an apartment complex as an investment. I know there are foreclosure sites out there, but I can not find any sites to find commercial or multi-unit foreclosures and bank owned properties (REO). Can anyone help lead me in the right direction? Thank you so much everyone!

Watch Dean Carver along with two other United Brokers Group Realtors talk about REO properties. What to look at for when purchasing and some other tidbits of useful information you won’t want to miss.

In normal sales, usually the buyer pays for it and requests reimbursement from seller in escrow.
But for these short sales, when it’s really all in the bank’s hands, does buyer still pay for short sale or does the bank have their own people do it?
I dont want to pay for this appraisal, then if the house doesn’t appraise and we decide not to get it, I am stuck just wasting a couple hundred buckson that appraisal.

I have found some houses that are currently bank owned (I assume a REO). I have found these through a site that lists pre-foreclosures, foreclosed houses up for auctions, and bank owned properties…
But it won’t list the address, or anything about when the auctions are, and I have no idea who to contact if I am interested in this house without paying for the service. Are these records listed for free anywhere? Can I go to the cityhall of the city the house is in? Do I have to go to each bank to find it out?