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About This Report and Buying Foreclosures
This Report provides the entire Bank-Owned inventory that is currently active on the Multiple Listing System. These are homes Banks and other private and government lending institutions are actively trying to sell Right Now! It includes homes owned by HUD, Fannie Mae, Freddie Mac, the VA, major Banks like Chase, Wells Fargo, Bank of America, and also your local community Bank.
This report is 100% Free, with No Commitments, and absolutely No Obligation. It is provided as a Free Community Service from Jake VanMeter, a local Real Estate Agent and REALTOR. Your information will not be shared with any third parties.
Foreclosure Tip #1 - Get pre-approved. Nearly all Sellers will require proof of funds if paying cash or a pre-approval letter if using financing. This is normally required at the time you make your offer.
Foreclosure Tip #2 - Be ready for the Earnest Money Deposit. This deposit is placed at the time of your offer and is typically only deposited if your offer is accepted. Most Sellers will require the greater of 1% of the purchase price or $500. This deposit is applied to your purchase price at closing.
Foreclosure Tip #3 - Get a Professional Home Inspection. Most foreclosures are sold As-Is, which means the Seller is not willing to make repairs prior to closing. Information on property condition is often unavailable from the prior owner so the importance of a Home Inspection cannot be over stated. Be sure to have the utilities turned on for the inspection to check the HVAC, Electrical, and Plumbing systems.
Foreclosure Tip #4 - Have Buyer Representation in the form of a Buyer's Agent. Often Bank-Owned properties have addendums the Seller requires the Buyer to sign. These can be lengthy, detailed, and often favor the Seller. It is important to have a Buyer's Agent representing you to make sure your interests are protected.
This Free community service is provided by:
Jake VanMeter - Certified Distressed Property Expert (CDPE)
- Cell: (304) 813-5445
The American Real Estate Co. - Tim Brinkman - Broker/Owner
125 West St.
Keyser, WV 26726
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