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http://www.islandpalmrealty.com
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We have seen such an increase of deals that we can not believe our eyes!
http://www.myrtlebeachhomeandloan.com
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When Buying a Short Sale:
* Ask if price and sale have been approved
* Ask where in foreclosure process is seller
* If rented, is there a lease
* Have a PROFESSIONAL home inspection
* Have a HVAC inspection done
* Property stays active in MLS until bank agrees on price
Alot of people think because it is a short sale that bank will give it away or practically pay you to take it off their hands
# 1 RULE - have your REALTOR pull current actives in area and SOLDS in last 6 months.
using this golden RULE will help you win the bid! The Bank sends out an order for a BPO (Broker Price Opinion) which determines value. If you start off on the right track then you have a better chance at winning the deal.
Is it for everyone? NO way!!!
I have a list that has over 500 companies that I registered with in the past 5 years.
Should you do free BPO's? Yes
The free ones lead to listings!!!
You are monitored on turnaround time and accuracy.
Not all BPO's are for listings though they are a way for extra income in these hard times.
I recently started getting about 25 per week.
Experience counts for something.
What is your opinion???
Please express it and add REO & BPO company links!
looking for an REO property go to: http://www.myrtlebeachhomeandloan.com
or email me @ foreclosures@tmo.blackberry.net
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