SSRE022: Buying a Bank Owned Home

SSRE022: Buying a Bank Owned Home

Super Smart Real Estate

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We recently closed out a Bank Owned property. There were quite a few surprises that we don’t want to catch you off guard. Luckily we have a manager that has done hundreds of these so he guided us through the process. Here’s what we learned: What is bank owned property? What role does investor play? What is mortgage insurance? How are bank properties negotiated? Why should I pay extra for title insurance? Do I pay the escrow fee? Can I…...
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We recently closed out a Bank Owned property. There were quite a few surprises that we don’t want to catch you off guard. Luckily we have a manager that has done hundreds of these so he guided us through the process. Here’s what we learned: What is bank owned property? What role does investor play? What is mortgage insurance? How are bank properties negotiated? Why should I pay extra for title insurance? Do I pay the escrow fee? Can I…...
Read More