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  • January 11, 2008 at 6:30 AM #11466
    raptorduck
    Participant

    Can anybody tell me how I go about buying a home I have had my eye on that has not gone to the bank?

    How do I initiate an offer? What should I expect? What do I need? Do I need a check for the entire purchase price? How does this impact my agent/her commission? Any tips/advice? SD Realtor/Rustico?

    January 11, 2008 at 7:54 AM #134093
    NotCranky
    Participant

    Did you mean to say “that has now gone to the bank”?

    January 11, 2008 at 7:54 AM #134390
    NotCranky
    Participant

    Did you mean to say “that has now gone to the bank”?

    January 11, 2008 at 7:54 AM #134347
    NotCranky
    Participant

    Did you mean to say “that has now gone to the bank”?

    January 11, 2008 at 7:54 AM #134285
    NotCranky
    Participant

    Did you mean to say “that has now gone to the bank”?

    January 11, 2008 at 7:54 AM #134294
    NotCranky
    Participant

    Did you mean to say “that has now gone to the bank”?

    January 11, 2008 at 10:02 AM #134416
    raptorduck
    Participant

    Oh crap, talk about the worst possible place to have a typo in my post.

    Yes, it has now gone to the bank, or is in the process of going to the bank.

    January 11, 2008 at 10:02 AM #134457
    raptorduck
    Participant

    Oh crap, talk about the worst possible place to have a typo in my post.

    Yes, it has now gone to the bank, or is in the process of going to the bank.

    January 11, 2008 at 10:02 AM #134361
    raptorduck
    Participant

    Oh crap, talk about the worst possible place to have a typo in my post.

    Yes, it has now gone to the bank, or is in the process of going to the bank.

    January 11, 2008 at 10:02 AM #134354
    raptorduck
    Participant

    Oh crap, talk about the worst possible place to have a typo in my post.

    Yes, it has now gone to the bank, or is in the process of going to the bank.

    January 11, 2008 at 10:02 AM #134161
    raptorduck
    Participant

    Oh crap, talk about the worst possible place to have a typo in my post.

    Yes, it has now gone to the bank, or is in the process of going to the bank.

    January 11, 2008 at 11:03 AM #134513
    SD Realtor
    Participant

    Sorry Raptor I am freeking swamped right now. I have no clue why….

    If it has not gone to the bank yet then ask your agent to contact the owner and basically send them a letter of intent. Is the home on the MLS (or was it on the MLS?) or is it just a home that is in distress and you have been hawking it. The situation may present an opportunity for you to assume the loan or something of that nature. I guess my answer would depend a little bit more on the details of the situation.

    Regardless, contacting the owner is the first thing to do IF THE OWNER IS NOT REPRESENTED. Otherwise contact the agent.

    A few months back Asianautica spied a NOD and knew it was one that may interest me. I ended up going to the guys home… left him notes… tried to call him… finally I found out where he worked and went to the store he owned and met him. I know that all sounds kind of stalking like but most people in distress are reclusive because of bill collectors and such. So I wanted him to know I wasn’t anything like that. Well he was actually pretty good about all that but ended up curing his default. Anyways that was my short story.

    As far as your agent goes. It is a sticky one. Depends on what sort of nomenclature you have used in your representation agreement with him/her.

    Where in the default process are they? As long as the owner is still on title you deal with the owner first. Then you may be able to work with someone in the loan workout group if things move forward.

    SD Realtor

    January 11, 2008 at 11:03 AM #134471
    SD Realtor
    Participant

    Sorry Raptor I am freeking swamped right now. I have no clue why….

    If it has not gone to the bank yet then ask your agent to contact the owner and basically send them a letter of intent. Is the home on the MLS (or was it on the MLS?) or is it just a home that is in distress and you have been hawking it. The situation may present an opportunity for you to assume the loan or something of that nature. I guess my answer would depend a little bit more on the details of the situation.

    Regardless, contacting the owner is the first thing to do IF THE OWNER IS NOT REPRESENTED. Otherwise contact the agent.

    A few months back Asianautica spied a NOD and knew it was one that may interest me. I ended up going to the guys home… left him notes… tried to call him… finally I found out where he worked and went to the store he owned and met him. I know that all sounds kind of stalking like but most people in distress are reclusive because of bill collectors and such. So I wanted him to know I wasn’t anything like that. Well he was actually pretty good about all that but ended up curing his default. Anyways that was my short story.

    As far as your agent goes. It is a sticky one. Depends on what sort of nomenclature you have used in your representation agreement with him/her.

    Where in the default process are they? As long as the owner is still on title you deal with the owner first. Then you may be able to work with someone in the loan workout group if things move forward.

    SD Realtor

    January 11, 2008 at 11:03 AM #134216
    SD Realtor
    Participant

    Sorry Raptor I am freeking swamped right now. I have no clue why….

    If it has not gone to the bank yet then ask your agent to contact the owner and basically send them a letter of intent. Is the home on the MLS (or was it on the MLS?) or is it just a home that is in distress and you have been hawking it. The situation may present an opportunity for you to assume the loan or something of that nature. I guess my answer would depend a little bit more on the details of the situation.

    Regardless, contacting the owner is the first thing to do IF THE OWNER IS NOT REPRESENTED. Otherwise contact the agent.

    A few months back Asianautica spied a NOD and knew it was one that may interest me. I ended up going to the guys home… left him notes… tried to call him… finally I found out where he worked and went to the store he owned and met him. I know that all sounds kind of stalking like but most people in distress are reclusive because of bill collectors and such. So I wanted him to know I wasn’t anything like that. Well he was actually pretty good about all that but ended up curing his default. Anyways that was my short story.

    As far as your agent goes. It is a sticky one. Depends on what sort of nomenclature you have used in your representation agreement with him/her.

    Where in the default process are they? As long as the owner is still on title you deal with the owner first. Then you may be able to work with someone in the loan workout group if things move forward.

    SD Realtor

    January 11, 2008 at 11:03 AM #134409
    SD Realtor
    Participant

    Sorry Raptor I am freeking swamped right now. I have no clue why….

    If it has not gone to the bank yet then ask your agent to contact the owner and basically send them a letter of intent. Is the home on the MLS (or was it on the MLS?) or is it just a home that is in distress and you have been hawking it. The situation may present an opportunity for you to assume the loan or something of that nature. I guess my answer would depend a little bit more on the details of the situation.

    Regardless, contacting the owner is the first thing to do IF THE OWNER IS NOT REPRESENTED. Otherwise contact the agent.

    A few months back Asianautica spied a NOD and knew it was one that may interest me. I ended up going to the guys home… left him notes… tried to call him… finally I found out where he worked and went to the store he owned and met him. I know that all sounds kind of stalking like but most people in distress are reclusive because of bill collectors and such. So I wanted him to know I wasn’t anything like that. Well he was actually pretty good about all that but ended up curing his default. Anyways that was my short story.

    As far as your agent goes. It is a sticky one. Depends on what sort of nomenclature you have used in your representation agreement with him/her.

    Where in the default process are they? As long as the owner is still on title you deal with the owner first. Then you may be able to work with someone in the loan workout group if things move forward.

    SD Realtor

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