I know this is a broad subject but just wanted to present a few things:
We all know that by contacting our agent and having them search reo's short sales and the like is a pretty easy thing to do.
What I have noticed lately is that the larger banks are less willing to deal or are slow as molasses. Especially B of A and Wells Fargo. Dragging their feet is to the tune of 4 months in some cases and that is on a cash deal for Pete's sake! Grrrr
So what I have found that is going after small banks, especially locally owned and credit unions are the best bet.
They didn't get all this bail out money and are making better deals to get property off their books.
All you need to do is contact their Loss Mitigation dept. and ask them pretty please for a list of properties. Simple right? Go for it!
Let us know of your experience in this area!
Randy Bailiff
Dean Graziosi Real Estate Investment Coach
I know this is a broad subject but just wanted to present a few things:
We all know that by contacting our agent and having them search reo's short sales and the like is a pretty easy thing to do.
What I have noticed lately is that the larger banks are less willing to deal or are slow as molasses. Especially B of A and Wells Fargo. Dragging their feet is to the tune of 4 months in some cases and that is on a cash deal for Pete's sake! Grrrr
So what I have found that is going after small banks, especially locally owned and credit unions are the best bet.
They didn't get all this bail out money and are making better deals to get property off their books.
All you need to do is contact their Loss Mitigation dept. and ask them pretty please for a list of properties. Simple right? Go for it!
Let us know of your experience in this area!
Randy Bailiff
Dean Graziosi Real Estate Investment Coach