MAKING OFFERS ON BANK OWNED PROPERTIES-PART 1

June 8, 2011

Making offers on Bank Owned Properties Part 1

I have been working with Investor’s buying Bank Owned properties for a while now. I have a lot of great tips for you. One important thing is, when you are investing in a hot area you will notice when your Broker sends an offer into the Bank. The Bank then will ask for a Highest and Best form. One important thing when dealing with Banks is they don’t except escalation clauses. Which is a form 35E MLS form. So if you are working with a Broker and they tell you that you might need to go in higher and sign an escalation form. Your Broker needs to read the Banks Addendum. You need to make sure that you know your strike point on the purchase of your Bank Owned property.

 

Please reload

Featured Posts

HARD MONEY MARKET REPORT: JANUARY 2013

January 3, 2013

1/2
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

© 2016 All rights reserved. 

14508 NE 20th St. #200 Bellevue WA 98007 I 425-881-5131

  • Facebook - White Circle