Searching for Foreclosures and Bank owned real estate anywhere can get quite tricky on the World Wide Web. Searching in Acton CA for Foreclosures and the other types of distressed properties is no different.
We have placed one of our Santa Clarita Real Estate Search engines that will only render the homes that have completed for foreclosure process in Acton CA below. You can utilize the Santa Clarita Search Map to change any of the criteria about the properties that are showing up.
The list below the map is everything – including the Days on Market with reference to the Foreclosures in Acton. The days on market is important, because if it was a stellar deal, it would not be on the list after a period of 30 day’s(ish). Some of the banks that place their foreclosures on the market for sale wait 21 before they will allow the REO agent to submit a single offer, let alone multiple offers.
After that step is fulfilled, the banks usually want a “highest and best” counter to be drawn up and given to each and every agent that is representing a buyer for the Foreclosure. The “Highest and Best” stage refers to a two prong desire from the bank – Highest = give me the most money for the REO / Best = Cash is best, followed by conventional(in most cases), followed by FHA and finally VA (where are this countries priorities) – A Story for another post 🙂
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