REO and Bank Owned Business

Tilton Quon

March 28, 2009

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We created a resume for REO and Banks that have bank owned properties in the east bay. If you would like to see how we manage our business representing bank owned homes, please click on Bank owned home in the east bay. If you are a buyer interested in purchasing a bank owned home, here are a few tips.

1. Hire a competent Realtor that can get you the deals when they come on the market. The good REO properties go fast.

2. Be pre-approved and ready to buy.

3. Don’t think that cash is king. Banks care about their bottom line; many times bank’s will accept an offer that is more even though it’s has a loan.

4. Be ready to accept the property in its current condition, but allow enough time to do inspections.

5. Don’t think that a bank will counter your offer. Make your first offer your best and final.

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