Bank of America foreclosed on CASH buyer

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Banks have spent a considerable amount of time and money foreclosing on these homes, and they often are eager to get these properties off their books. The buyer who is most likely to succeed in buying a foreclosed home is the one who offers the best price and the fewest contingencies.

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I placed an offer on a bank owned (chase) property I placed my offer at list price. told us that the cash offer may not go through Should I wait for the banks.. As a REO agent I always keep a running list of buyer or agents with.

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The transactions now represent about a quarter of the market, a surge driven by rising home prices, government crackdowns on foreclosures and banks’ increasing capacity to process the deals. When.

If you have a Bank of America home equity loan or line of credit, we’ll take care of getting approvals for your short sale. If your loan or line of credit is with another lender, contact that lender and request a Second-Lien Release. The lender needs to provide this document and send it to you.

It is also why so many US banks and mortgage lenders have stopped lending.. For those new to buying bank owned property, it can be challenging – if you.. Never state you are a cash buyer, unless you will be using cash.

But when they have to foreclose on a house. the bank is forced to own the home until they’re able to sell it to get all or most of their money back. But, what they had found is that when a utah valley foreclosed house goes vacant. there is a much greater chance that the house will fall into disrepair.

Although buying a bank owned property requires you to jump through a. Banks are in the business of lending money, not maintaining homes. realtor) it is a VA Forclosure through Bank of America my question is we have.

DistressedPro and BankProspector enable buyers to target the banks holding bank owned property, the lenders that are ready to sell more of them, and helps buyers get ahead of the competition to secure attractive bargains. This is critical for investors, agents looking for listings, and end buyers that demand real value.