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Re: Found a 6 Month Old REO

Posted by Ward-CA- on May 29, 2001 at 4:56 PM

In Reply to: Found a 6 Month Old REO posted by Mike Rivera on May 28, 2001 at 10:11 PM

: Hi Ward, I found an empty house and did a little research with a title company I work with. I found out the property was taken over by a bank in Ohio about 6 months ago. I would like to approach the bank with an offer but wanted to know exactly how I should do this.

: Do I call the bank and ask for their REO department and then tell them I would like to submit an offer on one of their REO properties?

: A little help on what are the best steps to take would be greatly appreciated.

: Thanks Ward!

=•=•=•=•=•=•=•=•=•=•=•=

Mike, when you call the bank and get to the right department (REO, Loss Mitigation, etc.) tell them that you'd like to make an offer on the property and don't mind making it on their preferred forms if they want to fax them to you.

Also ask them how you would gain access to look at the interior of the house.

Good luck.


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