Santa Clartia Real Estate

Foreclosures, Bank Owned, Short Sales, and the like…

October 5, 2007 · Leave a Comment

So, you are thinking about stealing a home A place that is so far under market and jumping at as soon as the agent presses the enter key and puts it on the market…

There are only a few ways that will happen. The first and foremost way is by being ready to go out of the gate. Here are a few things that you need to make ready.

1. Get a Pre-Approval letter from a reputable lender (don’t know any – call me at 661.400.1720)
    A. Make sure the lender is available to get you a letter at a moment’s notice (after hours     weekends for the amount of the offer you write)
    B. Make sure they are established amongst their peers and that they explain everything to     you about the loan they have drafted.
    C. Get a Good Faith Estimate from your lender. (This is extremely important to see how fee’s     are being allocated)
2. Have your Check book in hand for the deposit check so it can be copied and faxed with an offer you     write.
3. If there are multiple properties make sure you are ready to write multiple offers.

Remember there are investors out there that have cash in hand and are ready to pounce on homes that are so far under market there is very little risk of them having the bottom fall out from under them. So to compete with those “investors” you need to be prepared out of the gate.

We have investors that call us on the phone and we write offers without every sitting down with them again.

I can place you on a auto E-mail list of Foreclosures, Short Sales, Bank Owned properties as soon as they hit the market.

It is very important for you to have the best representation on your side when dealing with these properties.
Call us to help you and to get on a Notification List Via e-mail as soon as possible so you
ready when the right property hits the market!!!

www.MoreThanForeclosures.com is where you would get us your information. Just give us the
areas you are interested in and we will take the ball and help you score.

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