Buying Bank Owned, Short Sale and Rehab Properties

Finz Seafood & Grill, 76 Wharf St, Salem, MA | Get Directions »
FREE

This Seminar Always Fills Up Fast!

With the number of foreclosures happening today, more and more bank owned properties are coming on the market. Whether you are looking for a home to live in, or you are looking for an investment property, you can find some really great deals. But there are numerous issues with buying a bank owned (also know as an REO or "real estate owned") property or a short sale (a property being sold for less than what is owed on it), but with knowledge the benefits can outweigh the risks.

Join us for a very informative workshop where professions will share their experience in the buying, financing and closing process when dealing with REO's and Short Sale properties.

Here are just a few of the topics that will be discussed during this workshop:

• What is the difference between a bank owned property and a "short sale".

• The reasons to buy a bank owned property or a short sale.

• The financing issues and options for bank owned real estate.

• Rehab loans - FHA, Mass Housing and Conventional.

• Where to find bank owned properties.

• What you need in place before you start making offers.

• How to determine if it is really a bargain?

• The key negotiation point in your offer - what the bank will agree to and what it won't.

• Winterized properties and home inspection issues.

The speakers for this workshop are:

• A REALTOR from Armstrong Field Real Estate will discuss the search, offer and buying process.

• A Mortgage Professional from Wells Fargo Home Mortgage will talk about the financing options for rehab properties.

• A real estate attorney will share his extensive knowledge of the legal and title issues with bank owned and short sale properties.

Don't miss your opportunity to obtain this wealth of information. You will also receive a "Buying Bank Owned Properties" notebook and package when you attend, with absolutely no cost.