BANK OWNED HOMES  
 

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	Bank  homes are homes that have been foreclosed on by the bank. The bank actually owns these houses, and because the bank is not in the real estate or rental business they need to sell the foreclosed homes quickly. Don't get me wrong, this is not a fire sale, banks do their home-work, First A BPO "broker price opinion" is ordered from a local real estate agent which helps the bank to determine the property value. Once a price is established, and a real estate agent is hired to market the property, offers can be addressed.  An offer response can take from one day up to two weeks in most cases.  The process varies from bank to bank, however if you choose to make an offer, you can expect a much quicker response than if the home was a short sale. "which can take up to 6 mos."
Contact Dan Bradstreet	With bank owned property you can: 1.  Ask for closing costs. 2.  Ask for repairs. For more information on purchasing a bank nowned home in your area please contact Dan Bradstreet	Bank Owned House  List in your area

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