Wednesday, October 14, 2009

How to buy a bank owned home

Buying a foreclosure can be a really stressful undertaking for many people. After all, you're buying the property As/Is. Many times these properties are distressed and in dire need of repair. But before you even get that far, the lenders are usually very specific about how those offers to be submitted. And if your agent omits or modifies even a seemingly benign part of that process, then rest assured that your offer is not going to go very far. I came across this very satirical approach on buying these types of properties on Yutube; enjoy!

http://www.youtube.com/watch?v=SM7oWKgCVo4

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