How To Buy Bank Owned Real Estate

[mbalch23]

Paul, I need to find a bank owned property specialist in the Omaha Nebraska area.

mbalch23@yahoo.com

[Burgoon123]

"Six months in the REO business is equivalent to eighteen months in conventional real estate. You learn so much, and so quickly that your learning curve accelerates three times as fast. By- Aram Shah and Tim Shah . I learned REO's by reading "REO BOOM" I hope you guys find this book helpful like I did. Wish you guys luck in 2012

[ricoc947]

Hello Paul, I'm in need of a real estate agent familiar with REO properties [ onrealestate1@gmail.com ] thank you!

[thisshirtoffmyback]

Have you looked into properties in Kansas City?

[housevaluecheck]

As realtor in Burbank Ca I strongly recommend my clients to buy a real estate in Los Angeles area.

I also think gold and silver investments should be part of ones portfolio,

Aram Arakelyan

Your LA Broker For Life!

Realty Needs Network

House Value check

[recellit]

Hello Paul, thank you for this video. I'm 22 looking to buy my first place with in the next year here in California. Thinking of mainly going with the condo approach. I have a co-signer willing to help qualify me for the finance process my grandmother. the fha loan process is what i think i will go with but how do you even find bank owned properties that i can qualify for? are my tax returns going to affect me in getting qualified for the loan with a co-signer with an over 800 credit score?

[acer2255]

paul iam very interested in an reo in fl. it droped again in price the realtor told me cash only if i summit a lease option would'nt they have to summit it to the lender or would the realtor throw in trash since they already told me cash only?

[mattonlineify]

looking to buy reo in north highlands Sacramento as a investment property to rent out for my sister, i would be interested in an fha loan on a property that is reo and around 60 thousand, with possible rehab loan, could u recommend a reo agent in this area, also my credit in not so great but my parents are will to co sighn and have extreamly high creit rating....any help would be great ....thanks

[cadger10]

Can you still get the list of homes that qualify for the 100$ loan? I live in Columbia, SC

[darlene1ist]

paul i need to find a realtor who has experience in buying reo's darlene.solomon@ymail.com thanx

[dkw12002]

Problem is, many people bought as is for $170,000, rehabbed for $44,254 and found the after=improved value was $120,000.

[bonjour24151]

how do i get a property "MULTI-UNIT that will qualify for a 203 loan

[frherma]

paul, re the 203k for an investor, it is the same min down payment, 3%.

and what's the max loan size for new york city property???

is the loan for an investor based on the investors personal credit??? or as many invertors have businesses that are corporations or llc's can the loan be based on the credit worthyness of the business???

thanks

[mperillie]

@frherma The 203K loan is not currently available for investors. They may open it up to investors in May of this year.

[iwfky]

Paul, I live in ny westchester county, help me finding a reo property specialist.

[spectrum0590]

Great information on how to acquire property that went to foreclosure process. This will help people acquiring a home in different option.

[jedjedize]

I live in New Jersey. How would I find REOs in my area? Is there a list? I know there are forclosure websites. Thanks

[TheREIMaverick]

Yea I really like this video and I just had to place a comment. I have already checked out your channel and I like what you are doing!

[MMAAllegiance]

I live in the Los Angeles county area. I need a 3 bedroom, 2 bathroom, and a 1 living room home in the San Gabriel Valley area.

[azreosales]

Good job on the informative video - I'm up in Phoenix, AZ and have sold over 800 bank owned properties in the last 30 months. You were right on target. I'm never too busy for your referrals to anyone looking to get an "exclusive list" of bank owned homes up in the Phoenix, AZ area. Keep up the good work! Joe Martin RE/MAX Diamond

[mommabeast]

Currently looking at a property that I fell in love with, although it does need some work and it IS bank-owned. I've shied away from bank-owned properties because it is my understanding you have to have 'liquid assets,' or, basically, cash-in-hand. I do not have either! You said these houses can be financed? The realtor said it is eligible for 203K financing. I need an experienced realtor in bank-owned homes and would appreciate your help. I live in Indpls., IN. Thank You!

[BadBadKitty74]

Where do I find FHA Repo $100 down list for Washington state?

[talentscoutjoe]

Hello Paul, I'd like to receive the $100.00 down list for Chicago. Is that possible? Great video by the way.

[jacobandbecky]

Hi, I want to bid $80,000.00 (fha home loan) on a bank owned property in San Antonio. The appraised value is $127,260.00. It has been on the market for 2 years. The first asking price was $150,000.00. What are the chances of the bank taking this bid of $80,000.00? Please recommend someone in San Antonio, TX., who is experienced in selling bank owned properties. Thank you

[taekwondo5tin]

Paul.

From your REO buying tips, what is LSR stand for?

[mytube2u]

I think banks are lying to people about the offers they say there getting, why wouldn't they lie, they don't have to prove it to anyone

[mytube2u]

In the last 6 months I have put in about 18 offers on bank owned homes, I have offered the banks there asking price, and everyone of them came back saying a offer came in before me, some of the homes have been on the market for over a year, some 15 days, and others 180 days, I think the banks are just playing, I know people that put in 30 offers, and were told the same thing, also that was with 50% down

[natesmom2244]

@mytube2u You are completely Right! I just bought a foreclosed home that had been on the market for 6 months, after putting in my first offer less than 4 hours later we got another mystery bidder.. we offered an extra 6,000 and we got it. we think the house should have been cheaper now that we got in there and really took a good look inside. I almost wish i didnt buy the house

[mytube2u]

@natesmom2244 I hope you got a good deal on your house, its to late now, but if I were you, I would Not have offered them 6,000 more, there is to many foreclosed homes out there to get involved in bidding wars, after putting in 28 offers, and gone through 5 Realtors, we finally got one, its not hard to find a realtor that will work hard selling your home, but its hard finding a Realtor that will look out for your best interest when it comes to buying a house.

[avq5]

Great video Paul. Thanks for the info.

[amonte732013]

Hi Paul I was wondering can you get me a loan specialist on the FHA 203k rehab loan and the repo loan for ohio and detroit? and get me a list of properties the qualify in both cities

[erezjonathan]

Hi

I am a real estate agent in Los Angeles Ca.

If you can help me where to find those banks notes .

Where do I need to start?

I thank you/

[truehope09]

I am an agent, I closed on a property yesterday for 434K and the house appraised 2 years ago for 800K...it really depends on the bank, some banks don't even accept FHA lons, It also depends on the condition of the house..in most cases form my experience, your offer will not be accepted without signing a bank adddendum, you have to read that document carefuly and consult an attorney..

[KINGABYSS111]

hello,i just bidded on a bank owned property in nj and need as much info as i can get thanx

[anniegoth]

hi. Do you know any REO agents in Colorado? I am in Denver. Thanks for the help.

[OpenComments]

@anniegoth

In January 2008, Jenna Miscavige Hill, niece of David Miscavige, spoke out about the policy's effect on her family. She revealed that, once her parents left and she remained in the group, she had been forbidden to answer the telephone in case she spoke to them and that her parents only restored occasional access to her by threatening legal action.

Disconnection is NOT a personal choice, contrary to what Scientology says.

[pgpeachess]

thanks paul! this is peter!

i'm struggling right now to replace my real estate agent that moved to NC; i need all the help i can get, in south florida.

[bruds126]

This is very good information from a guy who knows what he is talking about.

I would like to know more about about this $100. down payment

[doctorbusiness]

Thanks Paul,

Your info. is just what I needed to know! At this time I need a really great REO Specialist for here in Michigan!

I am also interested in finding out more about the FHA-rehab program. That sounds like something we could use in our investing market here!

[jgholsby]

I'm a new RE Investor in South Texas. I need more info in Buying bank properties and your list that you spoke about. Thanks. Keep up the good work!

[KositaQ]

Please help us find a good home. First time homebuyer with approved FHA financing in NEPA. Considering an REO, please provide a list of REE expert agents in NE PA. Wayne Cty Area preferable. I'd like a list of properties that qualify for the $100 down FHA financing. I'm looking for as much information as possible. Thanks.

[edd00717085]

looking to buy bigger home. Considering an REO property, do you have any info on agents in N.J.

[caralynea]

First time homebuyer with approved FHA financing in Columbus,Ohio. I need a REO specialist.

Thanks

[jackies35]

I am a home buyer looking to purchase and work with a Bank Owned REO specialist. I live in New York and I am looking to buy a REO in New Jersey/Bergen County (07094, 07601, 07606).

thanks

[LuciusBaston]

Excellent and informative video. I'm an investor new to REO's. I'd like a list of properties that qualify for the $100 down FHA financing. I'm looking for as much information as possible. Know anything about bulk investing in REO's? Thanks for your time.