Question : How to buy foreclosure home directly from bank or lender before is in the market?
I want to buy foreclosure house directly from bank or lender before they put the house on the market. How do I do this? anyone who knows please tell me. I would be very appreciate it.
- asked by
All Answers:
Answer #1
No bank or lender offers their REO propertiesdirectly to the public. They hire a Realtor/agentwho market and sells these bank ownedproperties.Banks do not want to deal directly withan ignorant buyer.
- answered by Glenn S
Answer #2
Banks have a department called something likeSpecial assets, etc. The foreclosed property isin the hands of this department.
- answered by real estate guy
Answer #3
Glenn is right. Banks are not in the business ofmarketing houses to the public, and almost all ofthem will place their homes with a real estateagency. If they have foreclosed and have not putthe house on the market, it is because they arewaiting for clear title or they are having atrash-out done.Why would it be important to you totry and deal directly with a bank? They certainlydon't want to deal directly with you!
- answered by dog ma
Answer #4
with bank
- answered by Ivan
Answer #5
I think this is what you are looking for (linkbelow). It tells you how to find the ForeclosureBrokers that control 95% of the listings in yourarea.
- answered by Daniella
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