Susan Charbonneau
Making offers on Bank Owned Properties
Hi, I have made several offers that are great offers. All cash, over asking price and quick close with no contingencies. Each one has been ignored. It is always the same realtor that is doing the listings.
I alread...
Rachel Gill
Options on bank owned distressed property
I found a distressed, unoccupied home in a great little sought-after neighborhood. I looked it up on MD's real property search website and it appears that the bank owns it as of Oct 2014. My plan was to send the owner...
Regina Jones
Moisture damage in bank owned property?
I'm looking at a property that has a renovated garage to an In-Law apartment. Upon looking at the property, I noitice that the whole in-Law apartment baseboard up to knee level have been carved out down to the insula...
Jesse T.
Price flexibility on bank-owned lot
There are a couple lots near my Dad's house that were foreclosed on by a bank. It seems like lots in the area typically spend months on the market.I know for houses banks typically have a formula where they expect to...
Michael Mcguniess
Mold and water in basement investment property
I am currently attempting to obtain a conventional loan with 25% down on an bank owned investment property.
There is a negative slope grading issue that allows water to flow towards the basement. As a result, the ba...
Bryan Sturman
Is it worth creating an LLC just for wholesaling?
I'm not sure if it would be more beneficial to keep all money earned from wholesaling properties separate from my income from my everyday job. Just looking for some advice on what the better play is with that.
Ryan Lee
Old Article on Homeowner Foreclosing on BAnk
Old article but very good info.http://abcnews.go.com/Business/philadelphia-man-forecloses-wells-fargo-mortgage/story?id=12932362
Jamaal Lilly
How to Invest in Bank Owned Properties
So I'm a beginner in the real estate business and i read the book and feel i want to take the REO or foreclosure route. So with that being said how does the REO process work once you find a property that you are inter...
Richard Warren
A New Type of Run on Banks?
Money market funds, while uninsured, have always been deemed to be safe. The funds sought to maintain a $1 share price and only invested in the safest short-term instruments available. Yet Putnam Funds just closed a...
Gary Sweeney
low bid on bank owned asking price
I am looking to purchase a bank owned property here in NJ. It's ARV is $325-340k, the bank was asking $234,000 originally and is now $199,990 (reduced 35k after septic failed). it needs 120-140k in necessary renovatio...