Is buying a Bank Owned Propery Better? For Buyers Maybe, for agents it can be frustrating - give your Real Estate agent & yourself a pat on the back for adventuring out in the new Wild West.
1. A must watch: http://www.youtube.com/watch?v=SM7oWKgCVo4
2. Typical comment of an REO Listing Agent (confidential remarks in the MLS that only your Realtor can see! and has to deal with)
""Multiple offers recd/buyer to sign multi offer form attached in mls/deadline is 10/15/noon//EMAIL Agent for status. EFAX or EMAIL offers to 1-866-401-3190 or hunikat2848@yahoo.com, AS IS REO , CAR forms only, Pre-approval Ltr, &/or POF w/Copy EMD payable to ESCROW GROUP required w/ offers, 48-72 hr response time, RESPONSES & UPDATES TO OFFERS WILL BE VIA EMAIL-Agents DO NOT USE office fax or phone to reach Listing Agent.""
Not kidding!!!! More humor and reality checks to come. Its a mine field out there - call me to get ya through! Kathleen: 415-793-3040
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