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Updated over 8 years ago on . Most recent reply

Jorge Ruiz's profile image
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Jorge Ruiz
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jun 18, 2015
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Jorge Ruiz
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jun 18, 2015
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Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
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Foreclosures

How???

Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
Posted

Hello BP!

I have one 'simple' question:

How does one go about purchasing a Bank Owned property?

Thanks in advance BP!

Jorge 

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Ryan Dossey
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  • from Indianapolis, IN
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  • from Indianapolis, IN
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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Replied

Typically REO's are going to need to be "bid on" by a Realtor/Agent. You submit an offer if they take it you have 48 hours to get them docs/emd. So typically its sent via overnight shipping.

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