How can I buy a property that has been foreclosed on?

[RestoreUSA]

google bidforassets for cheap houses...or homesales dot gov...

[pgpeachess]

i heard some banks don't mind holding onto their properties: this way they get more money from the insurance/underwriters companies.

[pgpeachess]

even though REO means bank owned, one real estate agency is selling the property. if they have on offer they chose not to present the offer to the bank (my own case), unless the offer comes close to what they expect to get for the property. therefore, they tell you -the buyer- that there are more offers on the unit and if you want to get it you have to come up with more money. (but there were no offers the day i presented mine.) WHAT O JOKE!!!!!!

[moniequa]

How can we trust real estate agents? They say stuff that don't make any sense most of the time, in other words they just lie through their teeth.

[jonsteingraber]

Not all realtors are like that. Only the desperate greedy ones are. Either way you should do all of your own due diligence, no matter who your'e dealing with.

[moniequa]

Jonstein, if I do my diligence then what do I pay the real estate for? Should they be representing since I pay them? What is their commission for? For lying? Some agents told me to offer 10,000 to 20,000 above the asking price, are we in the seller market again? Real Agents and Brokers don't represent buyers or sellers they represent their own interest.

[abbyguy]

@moniequa : You have NO IDEA what you are talking about do you.

[moniequa]

@abbyguy the more you pay for your property the higher their commission.

[abbyguy]

@moniequa : The seller pays not the buyer.

[tomgeorge1313]

why can't you use two mikes?

[BillyG264]

I'll get you some sweet deals in Arizona! Call me at (480) All Homes