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Home > Buying Foreclosure Buying Foreclosure Are Properties Sold On A Bid Basis Like An Auction?
If the home is to be sold on a sealed bid or auction type basis, the information sheet on this web site or the MLS listing will indicate it is to be sold in this manner. Generally, it is like... More »
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What If There Is More Than One Offer On A Property?
Multiple offers on a property are a frequent occurrence. When this occurs, all offerers will be requested to submit their highest and best or final offer by a certain date and time. The bank... More »
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Are There Any Seller Defect Disclosures For The Property?
None. Seller has never lived in the property and therefore cannot disclose what it does not know. There is no former occupant we can contact to obtain information about the home. Generally,... More »
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Is The Seller Negotiable?
This really depends on the bank that is selling the home. There are situations where a home may not be receiving market attention (i.e. it is on market more than 60 days and not sold) and then... More »
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Will The Seller Pay Closing Costs? Can I Ask For Repairs To The Property?
Corporate sellers are generally bottom line oriented. In other words, they are looking at the net sale to the company.
For example, if you are offering $100,000 on a property and... More »
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How Are Negotiations Handled?
Once you have determined you wish to make an offer on a bank owned home, you instruct the Total Solutions agent (or your own agent) to write the offer. The offer is then presented to the Bank... More »
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When Do I Finalize My Loan Application And Begin My Inspections?
Once you and the Seller verbally accept all terms, you must finalize your loan application and begin your inspections. Do not wait until the signed contract is returned from the Bank Seller. ... More »
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