WebThen the property "reverts" to the bank. It becomes an REO, or "real estate owned" property. REO Properties for Sale ... Your offer or counter-offer will probably have to … WebMay 18, 2024 · When there are multiple offers, the seller typically takes one of three actions: Accepts the most favorable offer. Counters all offers to give everyone a chance to come back with a better bid in ...
CASE STUDY: Counter the REO bank
WebDec 12, 2024 · Real estate agents who specialize in short sales can help you identify properties and help you navigate the process. They can also compare other properties on the market to the short sales you are considering, to help you make a fair offer. Lenders such as Bank of America can refer you to agents who work with them to close short … WebDec 1, 2011 · CASE STUDY: Countering the bank’s counter offer on bank-owned listing. First time buyer is preapproved up to $500,000 and wants to get the best possible deal, isn't shying away from short sales and foreclosures. A bank-owned property listing meets most of her requirements. Buyer was cautioned and counseled about how to write an effective ... ficha técnica march 2020
Real-Estate Owned Properties (REO): How To Buy A Bank …
WebFor all bank-owned auctions, an Earnest Money Deposit of 5% of the total purchase price ($2500 minimum) is required prior to contract submission to seller. Payment in full is required upon closing. The closing date is set by contract. Specific to rental properties, most properties offer available financing via a variety of funding options. Web30 views, 7 likes, 2 loves, 6 comments, 2 shares, Facebook Watch Videos from Mario Batuigas Opinion: ASSESMENT SA PNP RESIGNATION HINDI PA KAYANG TAPUSIN... WebJul 22, 2024 · how we make money. . A counter-offer is a form of negotiation during a real estate transaction. The counter-offer comes in response to an earlier offer to buy a … ficha tecnica mix protective m