In The Know Finding Foreclosed Listings

In The Know Finding Foreclosed Listings

I’m often asked by my Buyers, “Do you have any information on foreclosed properties?” In answer to that:  

When a property is foreclosed on, whether it goes back into the hands of the bank who originated the loan on it, or the govt. agency who underwrote the loan (Fannie Mae, Freddie Mac, or HUD), it goes immediately to an Asset Manager (AM); the AM handles properties for his employer nationwide.  

The first question an AM asks upon receipt of a new asset is,
"Do we have clear title?" If the answer is either, "Yes", or, "We think so", his next question is, "OK, is it in the MLS?"
 

 An AM who's found to have a property that's not listed in the MLS, where thousands of local Realtors can sell it for him, would soon enjoy a morning of searching through the want ads for a new job.  

Thus, the MLS search that I set up for you will contain the most current and comprehensive info, regardless of whether it's a consumer resale or a foreclosure.  

                                        Contact me whenever you’re ready
to begin a serious property search:  
                                                                          Colleen Hammond, Realtor
                                                                  RE/MAX Executive Level 2012, 2013
                                                                                  RE/MAX Elite
                                                                                513-225-3364
                                                                        [email protected]


Lynn Murphy Dickerscheid Headshot
Author:
Phone: 513-885-1673
Dated: September 12th 2014
Views: 878
About Lynn: RE/MAX ELITE...

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