Elite Buyer Group…Here is YOUR Advanced Notice - New REO/Bank Owned home in North Phoenix! Here is your Unfair Advantage to get this home. Contact The Cameron Team to view this home. It is 3181 sf with 5 Beds and 3.5 baths plus a huge loft. The kitchen offers Granite Slab counters, raised panel Maple (with cherry stain) cabinets and stainless appliances. The yard is a blank slate with a ton of room. This home backs a school and has awesome mountain views.

Anyone have success stories of buying these kind of homes? Please share!!

I’m a part time new (8 months) realtor in CA. I have sold two homes. One home a regular sale and the other bank owned.

Bank Owned: Clients put 20% down, paid closing, and 20 day escrow, and attached FICOS, and proof of funds, $5K under asking price.

My new clients have put in five offers Corona area with 10% down, closing, 30 day escrow and back up financials and we have been outbidded by others everytime!

Any ADVICE? HELP

I was on RealtyTrac just a while ago and saw a decent priced Bank Owned House that started to attract me. First question, does a Real Estate Owned house belong to a bank, or is it already bought by a company like Re/Max? And the amount that was posted was around roughly 150,000 USD. Is this the price that the house is being sold for? or is it just merely an asking price that can be raised from bargaining?

Will the bank help out w/ this at all, or do I need to hire my own title insurance company before closing?

I dont want to make the offer to low…I heard for a short sale the offer should not exeed 15% below asking price. what would a resonable offer be for an reo-bank owned? I dont want the bank to just turn me down…what would be a good low ball offer?