Wednesday, April 22, 2009
Headaches with buying bank owned properties
Washington Post is running an article that would be an interesting read for any one considering buying foreclosed properties. While there are many good deals to be found, you must have a lot of patience as banks work like banks generally do... Monday thru Friday from 9 am to 5 pm with many bank holidays that most people don't get... add to it that there are practically no incentives for them to go out of the way to sell bank owned properties as buyers are asking for rock bottom prices. So if you are planning to buy foreclosed properties from banks, be ready for a rough ride. Finding a good Real Estate Agent to help you out will go a long way.
at 12:05 AM