Reo Auctions
Reo Auctions
How can I contact lendors foreclosure?
A house was sold at auction excluding back to because nobody benificiary bid starting price of 87k. What I wonder, is that I know that in some cases can make a cash offer far less than what they are asking only a "hands off", so how can I connect with them and I ask for? I would tell a manager or supervisor because I've been contact your REO department, but no one who can decide to sell to me. Any body have experiance w / this, any advice?
Get a Realtor that handles foreclosures. This can be a very frustrating and difficult – some banks may be very difficult to treat. As a buyer, you do not pay any commission to the Realtor, so find one that has a history of negotiating short sales with many different banks and lenders. The department REO most likely not respond to anything but a valid purchase agreement in writing. But do not expect to give you a price that is "much less than what they are asking only for take it from her hands. ", that rarely happens, even in the current climate.
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