bank owned property?
This past weekend I found a home that was forclosed on last year. I went out and looked at it before I called my real estate agent. I liked the property and I told my agent I want to make an offer, the bank has had this property over a year and I think I may be able to get it at a good price. She called the listing agent and he told her that the bank has decided to relist the property with another agent. How can I find out who the new agent will be or what bank owns it so I can make an offer before it is relisted? I am not sure if the original agent would give up this info. since he will not be getting a commision from the sell.
Asked By: e.sillery - 10/23/2007
Best Answer - Chosen by Asker
Once again...I am amazed at how everyone thinks they are an expert and how easy they throw worthless and unfounded advice around... More
Answered By: Adam A - 10/24/2007
Additional Answers (4)
It won't hurt to ask. Those people try to be service oriented.
Answered By: Leslieann W - 10/23/2007
You might be surprised about the agent; a lot of agents have clauses that say they get paid if their efforts found the person, even if the contract for further searching has been cancelled... More
Answered By: dlb_blair - 10/23/2007
No, you need to go to the bank and ask them who handles the foreclosures aka a foreclosing attorney maybe? ask them who they are listing the property with. You can also do a search on mls or realtor.com and it may list some reo's in your area. Good Luck!
Answered By: kubex1 - 10/23/2007
it's your agents job to find the listing agent. Just submit your offer and tell her to give you an answer within a week. If she can't use another agency. Realtors are a dime a dozen. No point using one that either lazy or stupid.
Answered By: Sarge1572 - 10/23/2007
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