If you look for the words "Subject to lenders approval" in the remarks, that can help. Although that can mean it is a short sale listing, though, and I do run across quite a few of those. Typically once you find a few, they're all listed by the same agents. I'm not sure the size of your town, but here, out of probably a 600,000 person radius and 2000-2500 listings at any one time, theres really only 4-5 agents that truely list REOs. I'm sure thats the same way everywhere so once you find a few, just look at a particular agents listings.
Quote:
On 2004-12-10 01:47, ominer21 wrote:
REO's" Bank owned property
Ominer:
Forget about the MLS for pre-foreclosures. FInd a foreclosure service in your area. That is your best bet. Want to find deals in the MLS?
-Check listings the 1st day out and make an offer on all distressed properties the same day. Go direct to the listing agent. Follow-up until sold
-Check "Revision To List Price" listings and make offers on those properties
-Door knock and send letters to "Expired Listings".
-Search the MLS for REO Agents and offer on those properties. Even if your bid is not accepted the first time around, ask them what else they have!
ominer21
Are you looking for "REO's" Bank owned property or preforeclosure?
[addsig]
REO's" Bank owned property
If you look for the words "Subject to lenders approval" in the remarks, that can help. Although that can mean it is a short sale listing, though, and I do run across quite a few of those. Typically once you find a few, they're all listed by the same agents. I'm not sure the size of your town, but here, out of probably a 600,000 person radius and 2000-2500 listings at any one time, theres really only 4-5 agents that truely list REOs. I'm sure thats the same way everywhere so once you find a few, just look at a particular agents listings.
Quote:
On 2004-12-10 01:47, ominer21 wrote:
REO's" Bank owned property
Ominer:
Forget about the MLS for pre-foreclosures. FInd a foreclosure service in your area. That is your best bet. Want to find deals in the MLS?
-Check listings the 1st day out and make an offer on all distressed properties the same day. Go direct to the listing agent. Follow-up until sold
-Check "Revision To List Price" listings and make offers on those properties
-Door knock and send letters to "Expired Listings".
-Search the MLS for REO Agents and offer on those properties. Even if your bid is not accepted the first time around, ask them what else they have!
Best Riches,
Jeff Adam
[addsig]
thanxs
i have tried 2 look at the mls 4 forclosures, but im new at this. So im learning
also does anyone know were i can find a lender that doesnt care about credit,because my credit is pretty jacked