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Buying or Selling a Home/purchasing a bank owned house
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Question
Hello
I would like to buy a house thats with the bank according to the one of the web site. How I should contact the bank and how should I know if it is a second mortgage?Also according to the information it is a good Bargain.
I think I need all the help that I can get.
Thanks
Gayatri
Chances are it is a first mortgage, Gayatri. However, I recommend you use the real estate agent that has the web site offering the property for sale. Most all banks are using knowledgeable agents to sell those foreclosures. If you want to be assured it is a good bargain, you should do your investigation in the neighborhood of that property and check the prices for which comparable houses have been selling. If you have a good agent working for you, chances are very good that you could buy that house for even less than what the bank is asking. I do wish you well.
Dick Dennis dixiedee13@aol.com
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- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
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Dick Dennis
Expertise
With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.
Experience
Solving real estate problems for 37 years.
Organizations
National Association of Realtors
Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers
Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate
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