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Updated over 15 years ago on . Most recent reply

Larry Moore's profile image
Larry Moore's profile image
Larry Moore
  • Real Estate Investor
  • from Belvidere, Illinois
  • Member since Jan 28, 2009
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169
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Larry Moore's profile image
Larry Moore's profile image
Larry Moore
  • Real Estate Investor
  • from Belvidere, Illinois
  • Member since Jan 28, 2009
Connect
Larry Moore
  • Real Estate Investor
  • Belvidere, IL
65
Votes |
169
Posts
Foreclosures

REO Cash Buyer and Pre-Qual requirement

Larry Moore
  • Real Estate Investor
  • Belvidere, IL
Posted

I have been looking at some REO listings, and I have run across a few that state that pre-qualification is required with preferred lender, even for cash buyers. Are they serious, or is this typically waived? Not sure what the point would be, unless they are collecting application fees, which obviously would be a negative for cash buyers. Anyone know what gives?

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