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jpinpb.
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May 17, 2009 at 11:51 AM #15702May 17, 2009 at 12:26 PM #400578
Rt.66
ParticipantOnly a tiny portion of the bank REO inventory is actually for sale, so don’t bother paying for a foreclosure listing service. If you pay you will have access to which bank owns the house but it will do you little good, as they aren’t selling right now.
Typical call to a bank about an REO will go like this, IF you can get someone on the phone:
You: Yes hello, Id like to put an offer in on one of your REOs.
Bank rep: What’s the address?
You: 1635 Trafficula ct, Temecula ca.
Bank Rep: Sorry that house is NOT for sale, if and when it becomes for sale it will be listed on the MLS. Perhaps you’d like to bid on the only one of our 3500 REOs in that area that IS for sale? Better hurry!
The few REOs that banks do sell end up on Realtor.com or maybe Redfin. You can use Realty Trac’s free search to give yourself an idea of just how bad your target neighborhood really is, and maybe base your bids or buying time frame on that data.
May 17, 2009 at 12:26 PM #400828ParticipantOnly a tiny portion of the bank REO inventory is actually for sale, so don’t bother paying for a foreclosure listing service. If you pay you will have access to which bank owns the house but it will do you little good, as they aren’t selling right now.
Typical call to a bank about an REO will go like this, IF you can get someone on the phone:
You: Yes hello, Id like to put an offer in on one of your REOs.
Bank rep: What’s the address?
You: 1635 Trafficula ct, Temecula ca.
Bank Rep: Sorry that house is NOT for sale, if and when it becomes for sale it will be listed on the MLS. Perhaps you’d like to bid on the only one of our 3500 REOs in that area that IS for sale? Better hurry!
The few REOs that banks do sell end up on Realtor.com or maybe Redfin. You can use Realty Trac’s free search to give yourself an idea of just how bad your target neighborhood really is, and maybe base your bids or buying time frame on that data.
May 17, 2009 at 12:26 PM #401065ParticipantOnly a tiny portion of the bank REO inventory is actually for sale, so don’t bother paying for a foreclosure listing service. If you pay you will have access to which bank owns the house but it will do you little good, as they aren’t selling right now.
Typical call to a bank about an REO will go like this, IF you can get someone on the phone:
You: Yes hello, Id like to put an offer in on one of your REOs.
Bank rep: What’s the address?
You: 1635 Trafficula ct, Temecula ca.
Bank Rep: Sorry that house is NOT for sale, if and when it becomes for sale it will be listed on the MLS. Perhaps you’d like to bid on the only one of our 3500 REOs in that area that IS for sale? Better hurry!
The few REOs that banks do sell end up on Realtor.com or maybe Redfin. You can use Realty Trac’s free search to give yourself an idea of just how bad your target neighborhood really is, and maybe base your bids or buying time frame on that data.
May 17, 2009 at 12:26 PM #401122ParticipantOnly a tiny portion of the bank REO inventory is actually for sale, so don’t bother paying for a foreclosure listing service. If you pay you will have access to which bank owns the house but it will do you little good, as they aren’t selling right now.
Typical call to a bank about an REO will go like this, IF you can get someone on the phone:
You: Yes hello, Id like to put an offer in on one of your REOs.
Bank rep: What’s the address?
You: 1635 Trafficula ct, Temecula ca.
Bank Rep: Sorry that house is NOT for sale, if and when it becomes for sale it will be listed on the MLS. Perhaps you’d like to bid on the only one of our 3500 REOs in that area that IS for sale? Better hurry!
The few REOs that banks do sell end up on Realtor.com or maybe Redfin. You can use Realty Trac’s free search to give yourself an idea of just how bad your target neighborhood really is, and maybe base your bids or buying time frame on that data.
May 17, 2009 at 12:26 PM #401270ParticipantOnly a tiny portion of the bank REO inventory is actually for sale, so don’t bother paying for a foreclosure listing service. If you pay you will have access to which bank owns the house but it will do you little good, as they aren’t selling right now.
Typical call to a bank about an REO will go like this, IF you can get someone on the phone:
You: Yes hello, Id like to put an offer in on one of your REOs.
Bank rep: What’s the address?
You: 1635 Trafficula ct, Temecula ca.
Bank Rep: Sorry that house is NOT for sale, if and when it becomes for sale it will be listed on the MLS. Perhaps you’d like to bid on the only one of our 3500 REOs in that area that IS for sale? Better hurry!
The few REOs that banks do sell end up on Realtor.com or maybe Redfin. You can use Realty Trac’s free search to give yourself an idea of just how bad your target neighborhood really is, and maybe base your bids or buying time frame on that data.
May 17, 2009 at 12:54 PM #400603fredo4
ParticipantAren’t there a lot of houses that are sold at auction that don’t show up on the MLS? I know of two houses last year where that was the case. Not that I’m looking to buy rght now- just watching prices.
May 17, 2009 at 12:54 PM #400853ParticipantAren’t there a lot of houses that are sold at auction that don’t show up on the MLS? I know of two houses last year where that was the case. Not that I’m looking to buy rght now- just watching prices.
May 17, 2009 at 12:54 PM #401090ParticipantAren’t there a lot of houses that are sold at auction that don’t show up on the MLS? I know of two houses last year where that was the case. Not that I’m looking to buy rght now- just watching prices.
May 17, 2009 at 12:54 PM #401147ParticipantAren’t there a lot of houses that are sold at auction that don’t show up on the MLS? I know of two houses last year where that was the case. Not that I’m looking to buy rght now- just watching prices.
May 17, 2009 at 12:54 PM #401295ParticipantAren’t there a lot of houses that are sold at auction that don’t show up on the MLS? I know of two houses last year where that was the case. Not that I’m looking to buy rght now- just watching prices.
May 17, 2009 at 1:15 PM #400623jpinpb
ParticipantPreforeclosure Network is a good source.
May 17, 2009 at 1:15 PM #400876ParticipantPreforeclosure Network is a good source.
May 17, 2009 at 1:15 PM #401111ParticipantPreforeclosure Network is a good source.
May 17, 2009 at 1:15 PM #401167ParticipantPreforeclosure Network is a good source.
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