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Updated almost 10 years ago on . Most recent reply

User Stats

11
Posts
1
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Javier Fernandez
  • Investor
  • Greenville, SC
1
Votes |
11
Posts

First REO Deal - Need Advice

Javier Fernandez
  • Investor
  • Greenville, SC
Posted

Hello BP Community,

I am new to REOs and how to purchase. I found one through my county website that I thought I'd make a cash offer on. I called the bank, found the right person, and made an offer over the phone. The decision maker requested that I send an email in writing confirming the offer. I take it I need to just send over a formal offer in a contract. Is there anything else that I need to consider? Run title? I'm trying to make sure I have all of my ducks in a row.

Thanks in advance. 

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