Why won't the bank accept my offer on that REO Property or Short Sale?

Answer: Because you are trying to steal it!

People of Central Illinois...... stop watching the news. On the news, you are hearing about foreclosed properties and short sales being a great opportunity. You are hearing that people are buying homes for $.50 on the dollar and all of those statements are true..... but not here!

Areas like Florida, California, Texas, Arizona and a few others are being hit very hard. Our area is not as bad and the banks are not desperate. Can a REO property or a home listed as a potential short sale be a good deal? The answer is absolutely; however, it is important to find a buyers agent how has experience in handling these types of purchases.

If you REALLY want to find a deal, make an offer that is beneficial to both parties, you and the seller, you will increase your chances of a successful transaction.