Comments on: Foreclosure tricks and treats for 2009 Halloween season http://blog.foreclosure.com/2009/10/foreclosusre-tricks-and-treats-for-2009-halloween-season/ Distressed Real Estate News and Opinion Thu, 02 Feb 2012 16:42:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Marla Lopez http://blog.foreclosure.com/2009/10/foreclosusre-tricks-and-treats-for-2009-halloween-season/comment-page-1/#comment-30750 Marla Lopez Sun, 17 Jan 2010 17:12:12 +0000 http://blog.foreclosure.com/?p=2583#comment-30750 In today's market, because there are SO MANY foreclosures (bank owned properties), banks have turned to Realtors to sell their properties. Most REO's (bank owned properties, stands for 'real estate owned') are listed on the MLS. Find a Realtor that specializes in distressed properties, and then can direct you on the ins and outs of purchasing a bank REO. Look at the "history" of the property on the MLS, your agent can show you what it sold for in the past, giving you an idea of value based on today's market. As of today, January 2010, there appears to be more bank owned properties coming up for sale this year! Happy Hunting! In today’s market, because there are SO MANY foreclosures (bank owned properties), banks have turned to Realtors to sell their properties.

Most REO’s (bank owned properties, stands for ‘real estate owned’) are listed on the MLS.

Find a Realtor that specializes in distressed properties, and then can direct you on the ins and outs of purchasing a bank REO.

Look at the “history” of the property on the MLS, your agent can show you what it sold for in the past, giving you an idea of value based on today’s market.

As of today, January 2010, there appears to be more bank owned properties coming up for sale this year!

Happy Hunting!

]]> By: Rick Sack http://blog.foreclosure.com/2009/10/foreclosusre-tricks-and-treats-for-2009-halloween-season/comment-page-1/#comment-27554 Rick Sack Sun, 01 Nov 2009 16:49:17 +0000 http://blog.foreclosure.com/?p=2583#comment-27554 Buyer's beware! I Agree that many foreclosures are NOT a bargain and one must, in many cases, do more due diligence than in a conventional sale because most lenders and many of the agents representing them have very little information about the REO assets that their selling. The right property with the right homework, however, can be a great formula for a truly amazing return. In Arizona, a return not seen since the RTC days. Buyer’s beware! I Agree that many foreclosures are NOT a bargain and one must, in many cases, do more due diligence than in a conventional sale because most lenders and many of the agents representing them have very little information about the REO assets that their selling. The right property with the right homework, however, can be a great formula for a truly amazing return. In Arizona, a return not seen since the RTC days.

]]> By: Foreclosure http://blog.foreclosure.com/2009/10/foreclosusre-tricks-and-treats-for-2009-halloween-season/comment-page-1/#comment-27427 Foreclosure Fri, 30 Oct 2009 18:46:09 +0000 http://blog.foreclosure.com/?p=2583#comment-27427 Nice way to talk about the foreclosure situation, since it's Haloween time! Great one! Nice way to talk about the foreclosure situation, since it’s Haloween time!
Great one!

]]> By: CityRidge http://blog.foreclosure.com/2009/10/foreclosusre-tricks-and-treats-for-2009-halloween-season/comment-page-1/#comment-27394 CityRidge Fri, 30 Oct 2009 08:53:52 +0000 http://blog.foreclosure.com/?p=2583#comment-27394 Yes! Foreclosure properties are really hot in the market right now. The amounts of offers submitted to these REO listing agents are starting to get ridiculous! Banks are having no problems moving their distressed properties because investors and smart small-time investors realize that their opportunities to invest in properties for dirt cheap (pun intended), will come come to an end real soon! So just a quick advise to everyone that are "thinking" about investing...don't think about it anymore. Just invest, wisely of course. Be sure to consult with your Realtor and seek financial advise before investing. Yes! Foreclosure properties are really hot in the market right now. The amounts of offers submitted to these REO listing agents are starting to get ridiculous! Banks are having no problems moving their distressed properties because investors and smart small-time investors realize that their opportunities to invest in properties for dirt cheap (pun intended), will come come to an end real soon! So just a quick advise to everyone that are “thinking” about investing…don’t think about it anymore. Just invest, wisely of course. Be sure to consult with your Realtor and seek financial advise before investing.

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