Purchasing a house, townhome or condo that's in foreclosure can be risky and time-consuming. There are legal procedures involved along with other uncertainties and  complications. The costs of trying to purchase a house in foreclosure can be substantial. However, once the bank has foreclosed, those risks are basically eliminated. At that point, 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 are typically offered for sale at 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.

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 daily 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!