How best to go after foreclosures and short-sales?

Tips and Deals Forums Buying Your Home Buying a Home in Bay Area How best to go after foreclosures and short-sales?

This topic contains 1 reply, has 2 voices, and was last updated by  Anonymous 7 years, 10 months ago.

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  • #224853

    Anonymous

    The position we’re in, is that we live in an area outside of the hustle bustle that generally doesn’t have Peninsula prices. There are only a few MLS homes that seem to work for us yet they all seem overpriced, and of course there are a ton of foreclosures.

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    What are the best ways to go about getting into a foreclosure? Should I try to find an agent who specializes in that area?

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    Are the online services such as RealtyTrac or Foreclosure.com worth subscribing to?

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    And is it ever an advisable approach to go straight to a listing agent for a home that isn’t selling, let them know what we have to spend and that we really like the home, to see if they could bring it up with the homeowner?

  • #289411

    Anonymous

    Foreclosures, short sales and REOs remind me of, “Lions and tigers and bears, oh, my!” The latter are dangerous animals but different from each other — just as foreclosures and short sales and real-estate-owned (REOs) are distressed sales but different from each other.

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