Saw A Home Sell At The Sheriff Sale
got the sheriff sale list in my area and the bank has the home now. I want this one so what is my next step. It looks like a good investment. Is it time to offer the bank a short sale?
Get ahold of the bank's REO dept. as soon as possible. They will take a few weeks to make sure title has gone through and then get a real estate agent to examine, and give a market analysis on it then list it with them or another RE company. Get to the bank before all this happens, make them an offer quick.
If you purchase the property from the new owner as an REO, it won't be called a short sale.
You could have made your intention known to the rep who bidded for the Plaintiff by handing to him/her your Offer to Purchase.
If you were interested in the property, why didn't you bid at the Sheriff's sale?
Another question to ponder is why there were no other bidders?
didnt bid at the sheriff sale because it was the first one i went to. My intention for being there was to learn not shoot from the hip. Problably like most things in life I will learn that i should have taken the risk and problably would have made an easy buck.
Still learning
thanks guys