Foreclosed Home SearchPosted by Brett Tousley on Saturday, October 24th, 2009 at 9:03am.
Foreclosed home search is now active and available on our home search www.brettsellshouses.com/idx
Here's a quick rundown of the different options available and why you may choose to use them.
1. Bank Owned/REO
By checking this box your search results will be limited to only those properties that are bank owned or reo's. Of course if you've been reading our site and blog, you already know that often, these are the real deals on the market right now. For those of you not familiar with the terms you can read more about them on our foreclosure page.
Because of the way banks handle their foreclosures, you still won't know whether these homes already have several offers or not. The best foreclosed homes sell in days and they sell to buyers that are already working with an experienced buyer's agent most often.
2. Short Sale Subject to Lienholder Approval
Checking this box will limit your search results to Short Sale Subject to Lienholder Approval. Normally, short sales are something to be avoided by the majority of home buyers, but under the right conditions, they can be excellent deals. If you are looking for a short sale, check this box to see what's available in your search area.
3. Exclude Short Sales
Don't have 2 to 6 months or more to wait for a short sale to close? This is the option for you. Checking this box will remove short sales from your search results, leaving just bank Bank Owned / REO, New Construction and traditional resale homes.
Which type of deal is right for you? Give me a call 253-820-2745 and we'll go over the positives and pitfalls of buying a foreclosed home or short sale.
Brett Tousley is the designated broker and owner of NW Home Brokers. He can be reached at 253-820-2745 or firstname.lastname@example.org
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