Everything you always NEEDED to ask but forgot to ask
Scattered over the last two plus years are pieces I have written on how to swim with the sharks in the foreclosure market. Agents and buyers, alike, often struggle with parts of the process, so I am including links below to some of my "how to" entries.Facts about purchasing a HUD property that you may not know: The Buyer has to Turn on the Utilities?
REO basics, including what the initials mean: Rio? As in Rio de Janeiro?
Printing the emailed contract when it has an electronic signature: Why does the signature disappear?
Dewinterizing properties: NO. The Water will NOT be on!
Making an offer as an owner occupant: Lying Could be a $10,000 Mistake
Tutorial on how to make a bid on the BidSelect website: What BID? I just want to turn in a contract to the listing agent
Making a back-up offer on an REO: Will They Take a Back-up Contract?
What if your offer has expired without an response: Time's UP (part 2)
Why won't the listing agent just answer a simple question: Do You Have Any Offers Yet?
Is a foreclosure a good deal when buyer needs an FHA loan? How Do You Know if it Will Pass FHA?
Of railings and such (another FHA requirement): Wing wall? And it needs a railing?
Lockbox codes for licensees only: What is the lockbox code?
Fannie, Freddie, and HUD website links: HomePath is the place to start looking for a foreclosure bargain
Save money for 30 years: HomePath financing
The battle of blue ink: "Wet signature" What is that?
How to make a Highest and Best offer that wins: Cash is king--or is it?
Bargain hunting buyers: "I'm looking for a foreclosure," the caller said
The trick to scanning documents: Help stomp out 35 MB files!
What price to offer on an REO: I Know What it Sold for at the Courthouse and I know... part 2
Check your NAID status if you have an REO buyer: Are you NAID-enabled or NOT?
If you are the winning bidder at an auction: GOING, Going, Gone... NOT!
Foreclosures for PENNIES on the DOLLAR?
From the REO agent: FAQs and answers
Do NOT buy Foreclosure Lists!
I cannot believe how long it took me to compile the list above and the links. Maybe, though, the compilation will help some agent or buyer who is getting ready to make that first offer on an REO property.
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