there is a property located in Columbus Junction Iowa and the addres is 14357 R ave the county is Louisa and ther owner was Noel Bright. This property is forclosed and the forclosure company is listing with a realator whom I am told buy a realator in the area that he is going to be able to show the home for her( other realator) she is farther away and i assume that there is something in it for realator #2. realator #2 is telling me that whom ever is not decided a price yet for the home and i have made it very clear to realator #2 i am reqady to buy. i am wanting to bypass all realators and get the lowest price. Country wide home loan is one of the banks involved and the bank of new york is another. i found this out through the asessors office. the property asesses at 95360.00 and has five acres of hard woods. the land is valued at 27360.00 and the house is the rest. how do i get this property first and soon . also i have receiving a settlement of approx.50,000 cash to do this?
how to buy a forclosed property in Iowa before it goes to a realator to sell on the market and get best deal?
Posted by admin on April 28th, 2011
Posted in Columbus investment 
Tags: addres, bank of new york, banks, columbus junction iowa, country wide home loan, five acres, noel, realator, realators
A real estate company will list this property and the bank will not deal with you directly. Actually it is not a bank but an REO company working for the bank. Find out who the listing company is from the bank and contact them. Chances are it will be weeks before the property is able to be sold but let the real estate company that is going to list the property know you want it. They are going to try to sell it for the most they can get, but the REO companies will usually listen to the realtor who knows truly what is worth.
Since, foreclosure dealings can be problematical, so be conscious of your state’s legal procedures before buying such properties. Given that at foreclosure auctions, foreclosed properties are generally offered in whatever conditioned they are, be sure to examine the property prior to making an offer.
Readers must know that, Unless a buyer searches only for FSBO properties, an agent will be involved in the transaction, and only agents who have entered into an agency representation agreement with a buyer will be representing the buyer.
If you’re thinking of buying foreclosed homes, you have to consider the right steps on how to do this. You want to do this correctly so you won’t have to be troubled by legal suits or whatnot.
At least if you are sure that you followed the right procedures, then you wouldn’t have to worry about anything.
Whenever you buy foreclosed homes, you’re investing in homes of people who no longer could afford it. There must be a reason why this house eventually became expensive so the first thing you have to figure out is whether you can afford this house in the long run.