Showing category "FAQ" (Show all posts)

Checklist before you buy bank-owned properties.

Posted by Denis on Tuesday, January 25, 2011, In : FAQ 

1-Prepare your resources & assemble your team:

Make sure that you have the resources in place to purchase this property. This includes securing pre-qualification for a loan and enlisting the help of one of our Free Buyer agents. We do not recommend contacting the owner and navigating the negotiations and closing process on your own. Assembling your Team is a crucial part of this process; you will need a lender, a buyer agent (familiar with the Bank Owned Process) a home inspector, contracto...


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Do I Need to get Pre-Approved for a Mortgage?

Posted by Denis on Saturday, June 5, 2010, In : FAQ 
it's critical to apply for a loan before shopping for a home, this is an essential first step. Lender will not even consider and offer unless it's backed up by proof of funds or a pre-approval letter:
  • Save Time by Looking at the Right Homes
  • Spend More Time Examining the Right Homes
  • Gain Confidence & Avoid Disillusionment
  • Increase Bargaining & Negotiating Power
  • Enjoy a Faster Closing Period 


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Can people make money investing in foreclosures?

Posted by Denis on Saturday, June 5, 2010, In : FAQ 
Absolutely! Most of the great family fortunes in our country have been created through real estate ownership and investments in real properties. People just like you are attracted to the opportunities presented by dealing with foreclosures because frequently they can buy the properties at prices substantially below market value. Buying properties at discount prices is the surest and quickest way to make money in real estate. Individuals who are looking for a home can get a significant a...
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What are the benefits to me when I subscribe to your database?

Posted by Denis on Saturday, June 5, 2010, In : FAQ 

We offer MA & RI's largest selection of foreclosure, preforeclosure, government-owned, and bankruptcy properties available to private individuals. Here you can locate bargains in real estate that you may purchase at discount prices. Our data is updated daily, not monthly, directly from the tax rolls, government agencies, and notices of the lenders legal actions.

Find valuable real estate that you may buy to renovate, and then resell (or "flip") for quick cash profits, or hold your prope...


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When should you start?

Posted by Denis on Saturday, June 5, 2010, In : FAQ 
In every case, today! Anything worth doing is worth doing now. Procrastination is the biggest stumbling block for goals being reached
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How much does this cost?

Posted by Denis on Saturday, June 5, 2010, In : FAQ 
Our Services are 100% FREE to buyers and investors. Once you close of the property the Bank Compensates us up to 3% of the purchase price.
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How often do you receive listings?

Posted by Denis on Saturday, June 5, 2010, In : FAQ 
We receive listings multiple times a day, and forward this information to our subscribers as soon as it's available. This gives our clients a advantage over other services. 
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How does BankOwnedLists.com collect the data?

Posted by Denis on Saturday, June 5, 2010, In : FAQ 
All Notices of Default, Trustee Sale Auctions and Repossessed properties are a matter of public record and posted on the registry of deeds website for your local town. We collect this data and combine it with the data received from the Multiple Listing Service. 
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