Purchasing a house, townhome or condo that's a Short Sale or in foreclosure can be time-consuming and frustrating. There are legal procedures involved along with other uncertainties and complications. However, once the bank has foreclosed, the home is post-foreclosure, or "bank-owned."
Once the bank owns a property, they are similar to other highly-motivated sellers. One difference, though, is that bank-owned homes may be offered for sale below market prices because the bank wants to get rid of them fast. Even though they're motivated sellers, banks are different than private sellers in negotiations. For example, bank-owned homes are typically offered on an "as-is" basis, and banks can be difficult to work with in negotiations. That's why Jerry is credentialed as a Certified Distressed Property Expert (CDPE).
We have found that the secret to concluding a successful purchase of a bank-owned home (getting a really good value) is knowing how to negotiate with banks. Our professional experience working with banks and other financial institutions gives our clients a distinct negotiating edge.
We research and maintain our own private list of bank-owned homes available for sale in the Seattle metropolitan area ranging in price from $200,000 and up. We review the list regularly and provide regular email updates to our registered Bank-owned subscribers.
To become a Registered Subscriber to our private list of bank-owned homes, complete and submit the form below. If you're looking for specific features, a particular price range or a specific geographical area, be sure to provide your preferences in detail. We'll get right back to you and help you find your perfect bank-owned house, townhome or condo!