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At RE/MAX, we have experience in helping you locate, negotiate and close escrow on a foreclosed property.
Foreclosures come in many forms. Homes taken back by the bank are known as "Real Estate Owned" or "REOs".
Governmental foreclosures are common such as Fannie Mae (FMNA) and Freddie Mac (FRMC). It is also possible
to have Veteran foreclosed homes, State and City foreclosures due to delinquent property taxes and even
private party foreclosures. RE/MAX Brokers are willing to accept the challenge to locate the perfect
property you are seeking. When you contact a RE/MAX agent, you are employing an entire team that knows how
to find these often elusive properties.
Finding the property is only the first step. Foreclosed homes seldom come with the normal disclosures and
buyer protections associated with a typical owner occupied home. Most likely, you will buy the home AS-IS
without warranties and the bank may delay or totally refuse to make a written commitment. So, it is
essential to research every aspect of the property with contingencies to protect you and your earnest money
deposit.
We'll go to work for you to negotiate with the banks and we know how to speak the language banks respond to.
Perhaps you want the banks to do repairs, give you financial credits for compliance work or maybe you need
closing cost assistance. Did you know it may be possible to have the bank that owns the property make you a
loan at favorable rates with low or absent loan fees or an appraisal? These requests are just a few of the
variables that happen in our industry. As your representative, we will help you analyze every aspect of your
offer and assist you to get the best deal possible.
At RE/MAX Professional Realty, we have many years of experience and we are waiting to go to work for you.
Our request form, is the first step in right direction to finding your perfect investment.
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