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Buying Bank-Owned Properties & Patience – A MUST For A Successful Transaction! May 1, 2009

Posted by Laura Schwartz in Foreclosures.

CLASSY! And Professional!

So now we wait until next Friday – at the EARLIEST! I don’t blame my buyer at all for being furious! I was too! When everybody – the agent, the buyer, the lender, the underwriter, the settlement attorney – EVERYBODY has done their jobs to get this to the closing table – this is where the foreclosures are just making a mess and mockery of the system. They have too many properties, don’t know how to do them properly, and frankly – don’t care! Other properties have been delayed days, weeks, and even months while banks get their acts together to get the paperwork signed in order to pass ownership on to the buyers.

Just remember..be patient! What’s the old saying? “You get what you pay for!” Just remember you’re getting a good deal…and good things come to those who wait!!

…..I won’t even go into waiting for a short-sale to happen.



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