REO in Pleasant Hill, It’s Going Fast

During the past few months, some banks have become more “user-friendly”  with the disposition of the property.  In many cases, the Loss Mitigation Managers, who work for the Bank have been given the mandate to sell these properties as quickly as possible.  My last transaction was representing an young couple who wanted to buy a home in Pleasant Hill California.  The Bank offered the property for $585,000.  We offered $507,000 and they agreed.  Of course Banks want a pretty clean deal.  My buyers did a Pest and Home Inspection, they came back with only minor issues.  Being Bank approved, the buyers closed the escrow in 18 days.  Buying property from a Bank can save you a lot of money if you are careful, do the necessary reports and show them that you’re serious.