Business & Finance Investing & Financial Markets

How to Find Bank Owned Properties

When you are trying to find properties that are owned by the bank the simplest thing that you can do is call the bank.
Taking the time to call all the banks in your area will get you the full list of bank owned properties that are up for sale.
Once you get the list you can on your own drive around to all of the properties and create another list of the ones that interest you most.
Look for properties that you think will be the easiest for you to resell once you put it on the market.
After your list is made contact the bank that owns each of the properties and find out if there is a time or a way that you could conduct a walk through of the homes on your list.
If you are lucky and come from a trusting community the bank may tell you to get the key from them and check out the houses on your own.
This is a best case scenario; worse case they will set up an appointment time that someone can meet with you and take you to view the property.
Once you see the house thank them for their time and go home to think about the odds of you selling the home for a profit.
If you think you can then work with the bank to contract the property.
Finding the bank owned properties will be the easiest part of the transaction.
Calling the bank as opposed to trying to find these properties any other way will put you ahead of the game.
You will have already made contact with the bank and they will know that you are interested in maybe obtaining one of the homes they have to offer.
Be patient but persistent when dealing with this kind of real estate transaction.
While it may take longer to get started the profit will be worth it in the end.

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