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Updated about 17 years ago on . Most recent reply

Brian Stein's profile image
Brian Stein's profile image
Brian Stein
  • Real Estate Investor
  • from Standish, MI
  • Member since Jan 8, 2008
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Brian Stein's profile image
Brian Stein's profile image
Brian Stein
  • Real Estate Investor
  • from Standish, MI
  • Member since Jan 8, 2008
Connect
Brian Stein
  • Real Estate Investor
  • Standish, MI
0
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26
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Foreclosures

1st time buyer with a question - REO Offer help...

Brian Stein
  • Real Estate Investor
  • Standish, MI
Posted

I'm completely new to this.

I'm looking at two REOs

One is from Ocwen Financial Corporation and is listed for $32,200.

The other is from CitiMortgage listed at $33,500. (was $34,900)

So basically I'm wondering how I can find out how long the banks have been holding these, and also if anyone here has a history of making an offer with either of these banks.

Is there a certain % they usually accept?

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