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Commercial Real Estate Investing

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Judy Parker
  • Los Angeles, CA
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Contacting banks directly

Judy Parker
  • Los Angeles, CA
Posted Oct 28 2011, 13:50

Hi,

One of my friends said that he bought a house directly from the bank. The bank had it listed for 500k or something and he offered 250k cash and they took the deal.Is it possible to buy it directly from the bank and not go through their realtor? I think it would be faster and you can get better deal if you buy it directly from the bank.

A. will the bank even talk to you I dont know how it is possible because some banks dont want to talk to you. Do you just keep calling until you get a hold of the right person?

B. are there places that I can check of bank real estate before they get listed on the mls so i can start making offers on these house?

Thank you again.

Judy

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