Bob Norton shows how to make verbal offers on bank owned real estate

[partyhouse88]

Did you get the house??

[BalazarsBrain]

Cool video, I hope to buy my first home soon.

I wanted to point out that under the statute of frauds, verbal offers and counter-offers on real property are not generally enforceable, and are treated as negotiations....so I wouldn't feel comfortable with their verbal counter-offer until it was backed by writing.

[larkingroup]

HOLY COW I can't believe i just spent 4:41 of my time watching this. Bob, honestly is this supposed to be a joke? Let me see if I understand: "I pulled up and saw a sign that says verbal offers considered so I called and made one over the phone and the guy (who is busy and knew not to waste his time) gave me the code and NOW I'm a professional real estate investor." Please.....PLEASE!!!!...The FDIC would have certainly asked for Proof of Funds when pen hit paper - PERIOD. PLEASE!!!!!!!!!!!!!!!!!

[Chessnha]

Why did they use a lock anyway? Interesting video. Is there a continuation of the story? Please let us know.

[BobNorton11]

@Chessnha

Yeah the continuation of the story is that somebody else overpaid by $100k and bought the house. Ultimately the FDIC was asking waaaay too much and didn't want to budge on price.

[aftereight01]

What is the rest of the story? Did you repair it? Flip it? What happened?

[FranklyRealty]

7377? Thanks for letting me know

[BobNorton11]

@FranklyRealty

Yeah no problem. Try OCN, FID, NDE- or 8590 too. Even better, if you know your stuff, get a set of keys like me that will get you into 80% of all REO's. It took me 2 months to get the set and its about 30 keys but I don't even try lockbox codes anymore. Of course I'm probably full of crap and don't know what I'm talking about.