Home › Forums › Closed Forums › Buying and Selling RE › How to buy a Deutsche bank owned home
- This topic has 20 replies, 5 voices, and was last updated 15 years, 2 months ago by
SD Realtor.
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AuthorPosts
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January 10, 2008 at 11:54 PM #11465
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January 11, 2008 at 5:19 AM #134027
robyns_song
ParticipantIt might not be as easy as you think because Deutsche Bank is typically just the investor on their loans, not the servicer…you’ll need the servicer to put in an offer. The bank will still likely want to do their own BPO and the whole package anyway, so you might as well just wait until you see a sign in the front yard or watch the MLS.
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January 11, 2008 at 9:07 AM #134126
Bugs
ParticipantBe patient and wait for it. From what I’ve seen, when looking at MLS listings that openly disclose a property is a bank-owned foreclosure, the two most common lenders for those are Duetsche Bank and HSBC.
The REO sale on that property is coming soon to an agent close to you.
Actually, you could look up the agents who list the properties for those two lenders and have them put you on their interest list.
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January 11, 2008 at 9:07 AM #134317
Bugs
ParticipantBe patient and wait for it. From what I’ve seen, when looking at MLS listings that openly disclose a property is a bank-owned foreclosure, the two most common lenders for those are Duetsche Bank and HSBC.
The REO sale on that property is coming soon to an agent close to you.
Actually, you could look up the agents who list the properties for those two lenders and have them put you on their interest list.
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January 11, 2008 at 9:07 AM #134326
Bugs
ParticipantBe patient and wait for it. From what I’ve seen, when looking at MLS listings that openly disclose a property is a bank-owned foreclosure, the two most common lenders for those are Duetsche Bank and HSBC.
The REO sale on that property is coming soon to an agent close to you.
Actually, you could look up the agents who list the properties for those two lenders and have them put you on their interest list.
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January 11, 2008 at 9:07 AM #134381
Bugs
ParticipantBe patient and wait for it. From what I’ve seen, when looking at MLS listings that openly disclose a property is a bank-owned foreclosure, the two most common lenders for those are Duetsche Bank and HSBC.
The REO sale on that property is coming soon to an agent close to you.
Actually, you could look up the agents who list the properties for those two lenders and have them put you on their interest list.
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January 11, 2008 at 9:07 AM #134422
Bugs
ParticipantBe patient and wait for it. From what I’ve seen, when looking at MLS listings that openly disclose a property is a bank-owned foreclosure, the two most common lenders for those are Duetsche Bank and HSBC.
The REO sale on that property is coming soon to an agent close to you.
Actually, you could look up the agents who list the properties for those two lenders and have them put you on their interest list.
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January 11, 2008 at 5:19 AM #134220
robyns_song
ParticipantIt might not be as easy as you think because Deutsche Bank is typically just the investor on their loans, not the servicer…you’ll need the servicer to put in an offer. The bank will still likely want to do their own BPO and the whole package anyway, so you might as well just wait until you see a sign in the front yard or watch the MLS.
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January 11, 2008 at 5:19 AM #134229
robyns_song
ParticipantIt might not be as easy as you think because Deutsche Bank is typically just the investor on their loans, not the servicer…you’ll need the servicer to put in an offer. The bank will still likely want to do their own BPO and the whole package anyway, so you might as well just wait until you see a sign in the front yard or watch the MLS.
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January 11, 2008 at 5:19 AM #134284
robyns_song
ParticipantIt might not be as easy as you think because Deutsche Bank is typically just the investor on their loans, not the servicer…you’ll need the servicer to put in an offer. The bank will still likely want to do their own BPO and the whole package anyway, so you might as well just wait until you see a sign in the front yard or watch the MLS.
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January 11, 2008 at 5:19 AM #134324
robyns_song
ParticipantIt might not be as easy as you think because Deutsche Bank is typically just the investor on their loans, not the servicer…you’ll need the servicer to put in an offer. The bank will still likely want to do their own BPO and the whole package anyway, so you might as well just wait until you see a sign in the front yard or watch the MLS.
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January 11, 2008 at 10:09 AM #134176
asragov
ParticipantIt may not be easy, but it might worth the cost of a stamp:
https://www.rreef.com/cps/rde/xchg/glo_en/hs.xsl/516.html
also
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
Unless this is for an immediate personal need which can’t be avoided, you might want to read some other threads, and consider buying, maybe, in the 2009-2011 timeframe …. Until then, renting is likely to be a much better deal
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January 11, 2008 at 10:09 AM #134369
asragov
ParticipantIt may not be easy, but it might worth the cost of a stamp:
https://www.rreef.com/cps/rde/xchg/glo_en/hs.xsl/516.html
also
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
Unless this is for an immediate personal need which can’t be avoided, you might want to read some other threads, and consider buying, maybe, in the 2009-2011 timeframe …. Until then, renting is likely to be a much better deal
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January 11, 2008 at 10:09 AM #134377
asragov
ParticipantIt may not be easy, but it might worth the cost of a stamp:
https://www.rreef.com/cps/rde/xchg/glo_en/hs.xsl/516.html
also
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
Unless this is for an immediate personal need which can’t be avoided, you might want to read some other threads, and consider buying, maybe, in the 2009-2011 timeframe …. Until then, renting is likely to be a much better deal
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January 11, 2008 at 10:09 AM #134431
asragov
ParticipantIt may not be easy, but it might worth the cost of a stamp:
https://www.rreef.com/cps/rde/xchg/glo_en/hs.xsl/516.html
also
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
Unless this is for an immediate personal need which can’t be avoided, you might want to read some other threads, and consider buying, maybe, in the 2009-2011 timeframe …. Until then, renting is likely to be a much better deal
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January 11, 2008 at 10:09 AM #134472
asragov
ParticipantIt may not be easy, but it might worth the cost of a stamp:
https://www.rreef.com/cps/rde/xchg/glo_en/hs.xsl/516.html
also
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
Unless this is for an immediate personal need which can’t be avoided, you might want to read some other threads, and consider buying, maybe, in the 2009-2011 timeframe …. Until then, renting is likely to be a much better deal
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January 11, 2008 at 10:44 AM #134212
SD Realtor
ParticipantTypically all lenders and service organizations do not deal with buyers directly. They hire a brokerage to sell the property directly. You can have your realtor contact the listing agent or you can call the listing agent directly if you don’t care about any representation. If you do call that listing agent that agent will get both sides so try to get a rebate out of him/her for some of the commission. If you list the property address I can let you know who is representing the property. If you don’t want to list the address of the property I understand.
Robyns Song and Bugs are absolutely right in thier posts. The servicing org will definitely want to do the BPO before they list it on the MLS and they will not look at any offers before that regardless.
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January 11, 2008 at 10:44 AM #134405
SD Realtor
ParticipantTypically all lenders and service organizations do not deal with buyers directly. They hire a brokerage to sell the property directly. You can have your realtor contact the listing agent or you can call the listing agent directly if you don’t care about any representation. If you do call that listing agent that agent will get both sides so try to get a rebate out of him/her for some of the commission. If you list the property address I can let you know who is representing the property. If you don’t want to list the address of the property I understand.
Robyns Song and Bugs are absolutely right in thier posts. The servicing org will definitely want to do the BPO before they list it on the MLS and they will not look at any offers before that regardless.
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January 11, 2008 at 10:44 AM #134412
SD Realtor
ParticipantTypically all lenders and service organizations do not deal with buyers directly. They hire a brokerage to sell the property directly. You can have your realtor contact the listing agent or you can call the listing agent directly if you don’t care about any representation. If you do call that listing agent that agent will get both sides so try to get a rebate out of him/her for some of the commission. If you list the property address I can let you know who is representing the property. If you don’t want to list the address of the property I understand.
Robyns Song and Bugs are absolutely right in thier posts. The servicing org will definitely want to do the BPO before they list it on the MLS and they will not look at any offers before that regardless.
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January 11, 2008 at 10:44 AM #134466
SD Realtor
ParticipantTypically all lenders and service organizations do not deal with buyers directly. They hire a brokerage to sell the property directly. You can have your realtor contact the listing agent or you can call the listing agent directly if you don’t care about any representation. If you do call that listing agent that agent will get both sides so try to get a rebate out of him/her for some of the commission. If you list the property address I can let you know who is representing the property. If you don’t want to list the address of the property I understand.
Robyns Song and Bugs are absolutely right in thier posts. The servicing org will definitely want to do the BPO before they list it on the MLS and they will not look at any offers before that regardless.
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January 11, 2008 at 10:44 AM #134508
SD Realtor
ParticipantTypically all lenders and service organizations do not deal with buyers directly. They hire a brokerage to sell the property directly. You can have your realtor contact the listing agent or you can call the listing agent directly if you don’t care about any representation. If you do call that listing agent that agent will get both sides so try to get a rebate out of him/her for some of the commission. If you list the property address I can let you know who is representing the property. If you don’t want to list the address of the property I understand.
Robyns Song and Bugs are absolutely right in thier posts. The servicing org will definitely want to do the BPO before they list it on the MLS and they will not look at any offers before that regardless.
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