reo: How much should I offer for a bank owned foreclosure property? - 07/26/10 11:55 AM
Bank owned or REO properties depend on the particular lender What is right amount to offer? First, lenders are all different. Some deal and others do not. You have to know in your market the various banks and mortgage companies; each has its own personality. This is why you need an experienced agent. Larger banks generally will negotiate more, smaller ones will not. Investment companies are the best negotiators, they buy up quantities of properties, they are not conservative by nature, they like to deal.Time on the marketAlso, it depends on the length of time a property is on the market. … (3 comments)

reo: Ten tips for investing in foreclosed or bank owned distressed properties - 02/09/10 09:20 AM
Search on the world wide web for distressed or foreclosed properties as a starting point. Use a professional REALTOR to identify great foreclosure deals for you. You may be successful at searching the web on your own, but keep in mind some of the information is outdated, some may be incorrect, and some of the available properties are not even listed. A REALTOR subscribes to updated MLS listings and can offer you the most current information available. If you search yourself for distressed properties and purchase from the selling agent, you are paying a commission to someone with a vested interest. … (1 comments)

 
Michela Terrazino (Keller Williams Realty Madison West)

Michela Terrazino

Madison, WI

More about me…

Keller Williams Realty Madison West

Address: 3 Point Place, Madison, WI, 53572

Fax: (608) 268-8694

Office: (608) 770-0482

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