Comments on: Working with a real estate agent to buy a bank owned property http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/ Find Real Estate Investment Deals in Foreclosures Tue, 07 Feb 2012 19:59:39 +0000 http://wordpress.org/?v=2.1.3 By: Edward Eraballekly http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-108 Edward Eraballekly Thu, 18 Dec 2008 12:39:33 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-108 First of all congratulation for such a great site. I learned a lot reading article here today. I will make sure i visit this site once a day so i can learn more. First of all congratulation for such a great site. I learned a lot reading article here today. I will make sure i visit this site once a day so i can learn more.

]]> By: JCL http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-112 JCL Mon, 22 Dec 2008 21:14:38 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-112 You hit on the key: finding a *good* agent... a bad agent will really ruin your day and make you discouraged. As a real estate investor, we must focus our time on those things that are most important and make us money. We trust our agent to handle all the 'behind the scenes' details which allows us to concentrate on what we're good at. You hit on the key: finding a *good* agent… a bad agent will really ruin your day and make you discouraged. As a real estate investor, we must focus our time on those things that are most important and make us money. We trust our agent to handle all the ‘behind the scenes’ details which allows us to concentrate on what we’re good at.

]]> By: Branson Real Estate http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-136 Branson Real Estate Wed, 14 Jan 2009 17:11:22 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-136 Thanks for sharing the great information. All of these tips are very relevant to all who are trying to find a good realtor. In the office I am employed at, it's our company policy to show all homes, regardless of low price or bank-owned status. And we actually close more deals this way. Thanks for sharing the great information. All of these tips are very relevant to all who are trying to find a good realtor.
In the office I am employed at, it’s our company policy to show all homes, regardless of low price or bank-owned status.
And we actually close more deals this way.

]]> By: Manzanillo Real Estate Listings http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-143 Manzanillo Real Estate Listings Tue, 27 Jan 2009 20:54:20 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-143 Thanks for the info, I always wondered how the REO market worked. Thanks for the info, I always wondered how the REO market worked.

]]> By: Lindsay Kennedy http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-149 Lindsay Kennedy Wed, 04 Feb 2009 17:20:41 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-149 Thanks for this great info. What about going it alone - without representation? Will banks work with independent buyers? Thanks for this great info. What about going it alone - without representation? Will banks work with independent buyers?

]]> By: Keegan http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-365 Keegan Fri, 19 Jun 2009 17:25:35 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-365 I definitely agree that finding a good Realtor that will show you everything is critical. I've ran into too many that wont show you cheap property's. I don't agree with that. I definitely agree that finding a good Realtor that will show you everything is critical. I’ve ran into too many that wont show you cheap property’s. I don’t agree with that.

]]> By: Ash http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-366 Ash Fri, 19 Jun 2009 17:28:42 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-366 I just bought a house and even know I had to find the good listing myself Its still a good idea to hold on to your Realtor. They can still guide you through the buying proses with some great advise I just bought a house and even know I had to find the good listing myself Its still a good idea to hold on to your Realtor. They can still guide you through the buying proses with some great advise

]]> By: Toronto Home Inspections http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-379 Toronto Home Inspections Wed, 24 Jun 2009 20:14:45 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-379 The real estate market is often complicated and risky, whether buying or selling, home inspections should be geared towards your protection. The real estate market is often complicated and risky, whether buying or selling, home inspections should be geared towards your protection.

]]> By: Brainerd Minnesota Real Estate Agent http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-467 Brainerd Minnesota Real Estate Agent Sat, 08 Aug 2009 20:32:13 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-467 I always tell people who are interested in a property that is a short-sale or foreclosure this, don't expect that you will get the property. Write it up so you can withdrawl the offer at anytime and DO keep your eyes open for property after you submitted an offer.. I always tell people who are interested in a property that is a short-sale or foreclosure this, don’t expect that you will get the property. Write it up so you can withdrawl the offer at anytime and DO keep your eyes open for property after you submitted an offer..

]]> By: Tom Meyer http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-471 Tom Meyer Mon, 10 Aug 2009 19:45:43 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-471 Excellent artilce! Your advice to find the right agent for your purchase is right on!! Buyers should actually interview a few before making their selection. You will be spending so much time together that you want to make sure the agent and you get along well,and that he/she takes the time to get to know you and know what your ideal home and buying situation is. It will keep you from wasting valuable time. Thanks again for the post...you have a great site! Excellent artilce! Your advice to find the right agent for your purchase is right on!! Buyers should actually interview a few before making their selection. You will be spending so much time together that you want to make sure the agent and you get along well,and that he/she takes the time to get to know you and know what your ideal home and buying situation is. It will keep you from wasting valuable time.

Thanks again for the post…you have a great site!

]]> By: banque et credit http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-513 banque et credit Fri, 18 Sep 2009 09:31:18 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-513 Interesting and informative post, thanks for share! Interesting and informative post, thanks for share!

]]> By: Scripps Ranch real estate http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-515 Scripps Ranch real estate Fri, 18 Sep 2009 14:36:01 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-515 Good tips, I agree that some Realtors would just be reluctant but I think now many more realtors are thinking for their clients rather than for commissions because they've realized that true success and reputation plus wealth comes with being true to your client and focusing on their needs rather than their own. Good tips, I agree that some Realtors would just be reluctant but I think now many more realtors are thinking for their clients rather than for commissions because they’ve realized that true success and reputation plus wealth comes with being true to your client and focusing on their needs rather than their own.

]]> By: Martyn http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-594 Martyn Wed, 30 Sep 2009 00:14:29 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-594 Good information, you should do an article on how to weed out the good realtor from the bad... what is your cretiera for keeping a realtor on. (from my point of view the potential clients a realtor has the more chances he will have to sell there property when the markets are good... everything goes in cycles) Good information, you should do an article on how to weed out the good realtor from the bad… what is your cretiera for keeping a realtor on. (from my point of view the potential clients a realtor has the more chances he will have to sell there property when the markets are good… everything goes in cycles)

]]> By: st louis reo http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-599 st louis reo Sat, 03 Oct 2009 08:01:56 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-599 REO (Real Estate Owned) is a home that the bank takes back from the owner that is not sold at auction. Typically, the bank will work with the home owner to help them cure the default so they can avoid the foreclosure because the bank does not like being in the real estate business. In other words, they do not want to have property on their books. The REO property is typically property that has a mortgage balance equal or greater then the value. REO (Real Estate Owned) is a home that the bank takes back from the owner that is not sold at auction. Typically, the bank will work with the home owner to help them cure the default so they can avoid the foreclosure because the bank does not like being in the real estate business. In other words, they do not want to have property on their books. The REO property is typically property that has a mortgage balance equal or greater then the value.

]]> By: David Hood http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-601 David Hood Sun, 04 Oct 2009 02:07:32 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-601 In today's market realtor are showing a a lot of REO due to the fact the market is flooded with them. In today’s market realtor are showing a a lot of REO due to the fact the market is flooded with them.

]]> By: Yamen Elasadi http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-669 Yamen Elasadi Sat, 24 Oct 2009 22:06:07 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-669 Great article! I agree with you. I also would like to add couple more alternatives to those homeowners who want to stay in their homes. There are two products those aren’t widely knowing and common in the market place. Trsutee Foreclosure Delays and Loan Re-Write. Did you know that Homeowners are illegally being foreclosed on especially in Trustee States? In Judicial Foreclosure states, a judge reviews the legality of the foreclosure proceedings to ensure the homeowner is being protected against greedy lenders and yet still the lenders are not properly following the foreclosure laws correctly (see this article: http://www.nytimes.com/2009/08/31/nyregion/31judge.html?_r=2). In Trustee States, lenders employ a “third party” trustee company to replace the legal function of a judge and orchestrate the foreclosure process. If banks are not legally foreclosing when they know a judge reviews the case what do you think they are doing when they only have to go through a trustee that they pay? And what is more interesting, the trustee company is liable for the foreclosure proceedings but who is going after the trustee companies to review the legality of these foreclosure packages? You guess it! Yes, No one is..! Did you know that a loan Re-Write program has the ability to reduce homeowner’s current loan balance down to the current market value at prime + 3%? Here is an example: You owe $500K on your home but it is only worth $350k. Investors will bulk purchase the note from your current lender and re-write it back to you at $350k, saving you (the homeowner) over $150k! I hope this helps! To find out more about our services you may want to visit http://ASNDinc.com/ Yamen Elasadi yamen@ASNDinc.com Great article! I agree with you. I also would like to add couple more alternatives to those homeowners who want to stay in their homes.

There are two products those aren’t widely knowing and common in the market place. Trsutee Foreclosure Delays and Loan Re-Write.

Did you know that Homeowners are illegally being foreclosed on especially in Trustee States?

In Judicial Foreclosure states, a judge reviews the legality of the foreclosure proceedings to ensure the homeowner is being protected against greedy lenders and yet still the lenders are not properly following the foreclosure laws correctly (see this article: http://www.nytimes.com/2009/08/31/nyregion/31judge.html?_r=2).

In Trustee States, lenders employ a “third party” trustee company to replace the legal function of a judge and orchestrate the foreclosure process. If banks are not legally foreclosing when they know a judge reviews the case what do you think they are doing when they only have to go through a trustee that they pay? And what is more interesting, the trustee company is liable for the foreclosure proceedings but who is going after the trustee companies to review the legality of these foreclosure packages? You guess it! Yes, No one is..!

Did you know that a loan Re-Write program has the ability to reduce homeowner’s current loan balance down to the current market value at prime + 3%?

Here is an example: You owe $500K on your home but it is only worth $350k. Investors will bulk purchase the note from your current lender and re-write it back to you at $350k, saving you (the homeowner) over $150k!

I hope this helps!

To find out more about our services you may want to visit http://ASNDinc.com/

Yamen Elasadi
yamen@ASNDinc.com

]]> By: Real Estate http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-697 Real Estate Sat, 31 Oct 2009 14:19:01 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-697 Thanks for sharing the great information contained in this post. All of these ideas are very improtant to all who are trying to find a good realtor. Thanks for sharing the great information contained in this post. All of these ideas are very improtant to all who are trying to find a good realtor.

]]> By: st louis hud homes http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-699 st louis hud homes Sun, 01 Nov 2009 06:43:53 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-699 Very well written and informative article. Very well written and informative article.

]]> By: Kaylee http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-955 Kaylee Wed, 30 Dec 2009 06:23:48 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-955 I referred few investment and realty blogs and can say that it will take end of 2010 to appreciate values again. What do you think? I referred few investment and realty blogs and can say that it will take end of 2010 to appreciate values again. What do you think?

]]> By: cj http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1017 cj Sun, 03 Jan 2010 13:36:24 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1017 great stuff. How are things working out with the banks since the bail outs? I understand they are gun shy about lending these days. great stuff. How are things working out with the banks since the bail outs? I understand they are gun shy about lending these days.

]]> By: Excess Insurance http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1075 Excess Insurance Sun, 17 Jan 2010 04:14:49 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1075 Thanks for this information matey, now that the market is showing signs of responding well out of recession-best to be making use of such info. Thanks for this information matey, now that the market is showing signs of responding well out of recession-best to be making use of such info.

]]> By: Warsaw Homes http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1257 Warsaw Homes Thu, 18 Feb 2010 18:52:11 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1257 Well spoken! So many people ignore the important question "Does this realtor have direct REO experience?". Great information, will recommend. Well spoken! So many people ignore the important question “Does this realtor have direct REO experience?”. Great information, will recommend.

]]> By: Martyn Brown http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1267 Martyn Brown Sat, 20 Feb 2010 18:34:46 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1267 Fantastic stuff here. Back in UK it's hard to find info on, what we call, Estate agents, there is much more here. Fantastic stuff here.

Back in UK it’s hard to find info on, what we call, Estate agents, there is much more here.

]]> By: Loft Conversions http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1312 Loft Conversions Mon, 08 Mar 2010 05:52:46 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1312 I am a real state agent in London. I came across your this blog and found more useful tips. thanks for sharing. I am a real state agent in London. I came across your this blog and found more useful tips. thanks for sharing.

]]> By: Nicaragua Real Estate http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1365 Nicaragua Real Estate Wed, 24 Mar 2010 06:49:23 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1365 Great post and I thank you for sharing it with us. I like the quality of your post and it is informative too. Choosing a right real estate agent will lead you to sucess. Great post and I thank you for sharing it with us.

I like the quality of your post and it is informative too. Choosing a right real estate agent will lead you to sucess.

]]> By: John Welsh http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1371 John Welsh Fri, 26 Mar 2010 18:21:21 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1371 Great info...it is so important to have a local expert and professional provide you with sound advice. If the investor is from out of town, they should consult with their own hometown realtor who may very likely have a knowledgeable realtor they can refer to. I always recommend having a realtor who is an investor themselves. Great info…it is so important to have a local expert and professional provide you with sound advice. If the investor is from out of town, they should consult with their own hometown realtor who may very likely have a knowledgeable realtor they can refer to. I always recommend having a realtor who is an investor themselves.

]]> By: buy a home now http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1390 buy a home now Thu, 01 Apr 2010 05:01:31 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1390 Most banks will not provide financing on their REOs but it doesn’t hurt to ask. Especially if the property has extensive damage and you are purchasing it "as is." Most banks will not provide financing on their REOs but it doesn’t hurt to ask. Especially if the property has extensive damage and you are purchasing it “as is.”

]]> By: homes for sale westlake village http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1430 homes for sale westlake village Fri, 09 Apr 2010 18:20:51 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1430 Great article brief and concise tips. Great article brief and concise tips.

]]> By: Rich http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1435 Rich Mon, 12 Apr 2010 02:01:43 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1435 Do a google search and find your local real estate investor. Many times they already have a business relationship with the banks and have bought reo houses for sale before. Then you don't have to worry about paying any realtor fees. Do a google search and find your local real estate investor. Many times they already have a business relationship with the banks and have bought reo houses for sale before. Then you don’t have to worry about paying any realtor fees.

]]> By: Jamesh http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1478 Jamesh Mon, 19 Apr 2010 06:14:17 +0000 http://www.free-foreclosurelistings.com/working-with-a-real-estate-agent-to-buy-a-bank-owned-property/#comment-1478 Hey, Awesome post. Please keep it up with your posts. Thanks Hey,
Awesome post. Please keep it up with your posts.
Thanks

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