Comments on: How fast do foreclosures sell? http://www.mm-unib.net/how-to-buy-foreclosures/how-fast-do-foreclosures-sell how to buy foreclosures Tue, 24 Jan 2012 06:19:59 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: teran_realtor http://www.mm-unib.net/how-to-buy-foreclosures/how-fast-do-foreclosures-sell/comment-page-1#comment-1777 teran_realtor Thu, 01 Jul 2010 18:45:59 +0000 http://mm-unib.net/how-to-buy-foreclosures/how-fast-do-foreclosures-sell#comment-1777 There are several kinds of foreclosures - and time frames vary with them. HUD - Initial ten day bidding period. Five days for BOM or price reduced. VA - Initial ten day bidding. Bank Owned - Varies from one bank to another. Could be sold that first weekend, could take months. IRS/HOA/other taxing authority owned homes - varies greatly. If a house (foreclosure or not) is priced right, it should sell fast. When you find a house that is priced well, do not delay. If your idea is to give a low bid, it might not matter.<br><b>References : </b><br> There are several kinds of foreclosures – and time frames vary with them.

HUD – Initial ten day bidding period. Five days for BOM or price reduced.

VA – Initial ten day bidding.

Bank Owned – Varies from one bank to another. Could be sold that first weekend, could take months.

IRS/HOA/other taxing authority owned homes – varies greatly.

If a house (foreclosure or not) is priced right, it should sell fast.

When you find a house that is priced well, do not delay. If your idea is to give a low bid, it might not matter.
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]]> By: Doctor Deth http://www.mm-unib.net/how-to-buy-foreclosures/how-fast-do-foreclosures-sell/comment-page-1#comment-1776 Doctor Deth Thu, 01 Jul 2010 18:12:59 +0000 http://mm-unib.net/how-to-buy-foreclosures/how-fast-do-foreclosures-sell#comment-1776 they probably take a lot longer than a non-bank owned house - banks are not as quick to accept the quick offers - they are trying to minimize the losses they will have - the bigger down payment or deposit you make, the more seriously your offer will be considered - it's possible you might not make it to closing by 11/30/09 if you are eligible and hope to get the 8000 first time homebuyers credit<br><b>References : </b><br> they probably take a lot longer than a non-bank owned house – banks are not as quick to accept the quick offers – they are trying to minimize the losses they will have – the bigger down payment or deposit you make, the more seriously your offer will be considered – it’s possible you might not make it to closing by 11/30/09 if you are eligible and hope to get the 8000 first time homebuyers credit
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]]> By: thevoice@voicedup.com http://www.mm-unib.net/how-to-buy-foreclosures/how-fast-do-foreclosures-sell/comment-page-1#comment-1775 thevoice@voicedup.com Thu, 01 Jul 2010 17:55:59 +0000 http://mm-unib.net/how-to-buy-foreclosures/how-fast-do-foreclosures-sell#comment-1775 The RE agent is looking for an many offers as possible so chances are since he has your offer he is buying time in case a better offer is received.<br><b>References : </b><br> The RE agent is looking for an many offers as possible so chances are since he has your offer he is buying time in case a better offer is received.
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