Replies to This Discussion

Permalink Reply by CJ Wright on June 3, 2010 at 7:00am

I think you are going to have to wait for the REO....

Permalink Reply by Jeff Payne on June 3, 2010 at 7:03am

+1 on CJ's comment

CJ Wright said:

I think you are going to have to wait for the REO....

Permalink Reply by Barry Danels on June 3, 2010 at 7:36am

Any idea how long it takes BofA to get it into the system ?

CJ Wright said:

I think you are going to have to wait for the REO....

Permalink Reply by Barry Danels on June 3, 2010 at 7:36am

Any idea how long it takes BofA to get it into the system ?

Permalink Reply by CJ Wright on June 3, 2010 at 7:49am

Too many unknowns to really hazard an opinion. It could be days, or it could take more than a year. Some lenders won't turn right around and put a property on the market if they have other similar properties within a short radius. Others don't really care. Also depends on condition of the home (whether it needs to yet be trashed out, repairs made, property secured, etc.). In Florida, watch for a sign in the yard/window as the REO agents will post for it for THEIR buyers to see in hopes of selling it BEFORE it gets to the MLS. Slip the neighbor a couple of 'cookies' to watch it and call you when something happens....

Permalink Reply by Barry Danels on June 3, 2010 at 7:51am

thx

CJ Wright said:

Too many unknowns to really hazard an opinion. It could be days, or it could take more than a year. Some lenders won't turn right around and put a property on the market if they have other similar properties within a short radius. Others don't really care. Also depends on condition of the home (whether it needs to yet be trashed out, repairs made, property secured, etc.). In Florida, watch for a sign in the yard/window as the REO agents will post for it for THEIR buyers to see in hopes of selling it BEFORE it gets to the MLS. Slip the neighbor a couple of 'cookies' to watch it and call you when something happens....

Permalink Reply by Jeff Payne on June 3, 2010 at 8:02am

In our area lately, if the property is vacant WITHOUT personal property, they have been getting them on the market within 15 days of the foreclosure sale.

Barry Danels said:

Any idea how long it takes BofA to get it into the system ?

Permalink Reply by Stephen Shafer on June 8, 2010 at 12:47pm

Good Luck! I had short sale offer in the negotiator (using the term loosely) sent me an email stating the closing cost were too high, no specifics, deleted the file from Equator then escalated the Trustte Sale to the next day. I think you have towait until it shows up on the REO list. Has any had any luck getting REO listings by signing up on the Recon Trust REO web site?