COMMENTS

POSTING RULES  |  LOGIN TO COMMENT  |  REGISTER TODAY
  • expanding_man

    Dealing with any REO is an exercise in patience and banging your head against a wall. Unless the property is a screaming deal, I bet the property won’t be under contract. You’ll probably have the chance to make your offer. If so, I predict the purchase process will not be much fun. Doesn’t mean it won’t be a good deal for you in the end. Remember to fully evaluate the work that will need to be done on the place before you make your offer.

    Keep RS posted on how it goes. It’ll be interesting to hear about how real life meets with gov. housing policy. Good luck.

  • Pingback: Salvatore Capek

  • Death_of_the_Donkey

    Economics also dictate that rentals have a more negative economic impact on neighborhood housing values than do owner occupied units, so it is also in the best interests of ALL the neighborhood to give an owner-occupier a first chance to purchase a home over an investor. I hardly think that a two week waiting period is all that onerous.