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FAQs by Buyers
Will I be allowed to get a home inspection?
Yes, it is common for home buyers to have the opportunity to do a through home inspection
Will the bank require a pre-approval with the my offer to purchase?
Yes, The bank will need a verification of funds and or a pre-approval at the time of the offer.
What does the term “Short Sale“ mean?
The bank will take less than what is owed on the property.
Will the utilities be on during my inspection?
Yes, typically the utilities are on for all inspections.
What is the term REO?
The Term REO identifies Real Estate Owned by a bank, It is a term signifying a property or Home that now owned by a bank or an asset management company. The now has the ownership of the property by receiving a dead in lieu of foreclosure or assuming the property at the sheriff’s sale.
Will I get a deed that is free and clear from all liens?
Yes, the owner of record (the bank) will do their best to assure that all tax liens are dissolved.
FAQs by Sellers
Do you handle maintenance of the property?
Yes we have maintenance companies that work in harmony with Remax preferred to get the lowest costs.
What % of your houses sold are REO’s?
Over 60% of the homes we sell are REOs.
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