This is one of the ways to buy on a bank REO that I have not tried or attempted to do. They literally hold auctions on trustee sales at the court house steps. There are many people who bid and buy this way.
Jim the Realtor has a few videos from an investor Adam who does bid and buy on a regular basis and shares his insights. According to Adam, he has successfully bid and won on 7 properties. This is very good information and I think Jim asks some great questions for anyone who has thought of trying to buy through this process.
Jim TV Adam Part 1
Jim TV Adam Part 2
Jim TV Adam Part 3
A personal account in my journey to find, select, and obtain a bank REO to live in. I hope to help and give insight to others searching for a bank REO from bidding, buying, and all the way to escrow.
Thursday, December 31, 2009
Sunday, December 13, 2009
Bank REOs from a real estate agent's point of view
Jim the realtor has a bunch of youtube videos of bank REOs that are about to hit the court steps for auction. If you listen to him in the video, he will give you the stats like square footage, opening bid, etc. Enjoy.
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