Expediting REO Sales:

[Marcus LaGrone]

In certain Zip Codes the majority of houses under a certain price range will more than likely be sold to investors.

If an online (national)master list was available with all of the lowest price properties in your area, but had the following stipulations, how likely would you be to purchase one?

Will not pay a commission to a buyer’s agent
Seller will not pay closing costs
Priced at the banks 30 day sales price minus 10%
Must close within 3 weeks or Earnest money is non-refundable
No negotiation on terms
No trashouts were completed
Standard earnest money $5000 (No exceptions)
Strict 5 day inspection period

Would you be interested in obtaining these properties?

How would you feel if the property was currently occupied and you had to deal with the tenant according to the new laws mandating 90-day Eviction Notice to tenants affected by residential foreclosures?