Buying bank owned properties
There is a lot of interest in buying bank owned properties. Banks are offering these homes at $10,000's of dollars below currant market prices.  This is no better time to buy these unbelievsable specials on like new homes filled with great prices!

What’s an REO?
REO stands for “Real Estate Owned”.  These are properties that have gone through foreclosure and are now owned by the bank or mortgage company.  This is not the same as a property up for foreclosure auction.  When buying a property during a foreclosure sale, you must pay at least the loan balance plus any interest and other fees accumulated during the foreclosure process.  You must also be prepared to pay with cash in hand.  And on top of all that, you’ll receive the property 100% “as is”.  That could include existing liens and even current occupants that need to be evicted.  A REO, by contrast, is a much “cleaner” and attractive transaction.  The REO property did not find a buyer during foreclosure auction.  The bank now owns it.  The bank will see to the removal of tax liens, evict occupants if needed and generally prepare for the issuance of a title insurance policy to the buyer at closing. 

As with making any offer on real estate, you’ll make your offer more attractive if you can include documentation of your ability to pay, such as a pre-approval letter from a lender.  With years of working as a bank officer and as a real estate broker, I will put together an offer that best present your strengths as buyer since with these very low prices many times have mutiple offers.

As mortgage loan officer I can assist you with your financing.  There are many great mortgages available from purchasing to purchasing /rehab mortgages.  As a homebuyers you may have a wish list for granite countertops, hardwood floors, tile floors, upgraded bathrooms and kitchen, I can show you how for only dollars in your mortgage you can fulfill your wish list especially with these homes going at basement prices and still having an affordable payment.

Call today for a currant list of the wonderful homes available throughout Florida !