October 30th, 2008 by Michael Oliver

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-Keep getting beat out on finding amazing Foreclosure/REO/Bank Owned Homes and properties in Tucson Arizona (AZ)?

-Or every time you do find that great Foreclosure/Bank Owned/REO home or property it’s already sold or happens to sell just before you can get your offer in with the bank?

-NOT ANY MORE! THIS NEW EXCLUSIVE FORECLOSURE TRACKER SERVICE IS JUST FOR YOU!

I’m setting up a brand new exclusive service for buyers who want to get an edge on other buyers looking or the best foreclosure/REO/Bank Owned homes/property deals in Tucson Arizona (AZ) This service is for those buyers (or potential buyers) who want to be able to BEAT OUT OTHER BUYERS on Foreclosure/REO/Bank Owned home and properties BEFORE THEY EVEN HIT THE MARKET!

Most of the “good” and all of the “great” Foreclosure/REO/Bank Owned homes and property deals SELL BEFORE THEY EVER HIT THE MARKET! How?/Why? Well buying a distressed property many times can be a way to buy a property under market value, it’s no secret that the best ones sell before they even hit the market the reason is simple. Investors and successful real estate agents make good connections that take years to make with the banks sales reps that are in charge of getting that particular banks foreclosed homes and properties sold. These bank reps job is to get the homes sold ASAP, if they know of a great deal they naturally “talk” and those that have the relationships either buy that property themselves (investors) OR if they are an agent they call a few select clients they know would be interested and then BOOM the home is sold within hours of the bank rep getting it ready for sale. BEFORE MLS, BEFORE any marketing is done on that home they are typically sold. The AVERAGE INVESTOR –OR- even more often THE REGULAR BUYERS JUST LOOKING FOR A GOOD DEAL DON’T STAND A CHANCE! They just don’t have the connections or know where to go or who to talk with to get IN on these deals. It recently came to me that instead of just calling a few of my clients who I know are interested in this. I will open up and allow those that make a request to also have a chance when a deal or special Foreclosure/Bank Owned/REO Property or Home comes up they have the same chance to buy it which until now really didn’t exist for them.

-SO WHAT DO YOU NEED TO DO TO GET ON THE LIST FOR ME TO SEND YOU THESE SORT OF “DEALS” WHEN THEY COME UP?

-Send me an email, that’s it!

Send me an email (by clicking HERE) give me the obvious info like name and at least one or two ways to contact you. (preferable a good email you check regularly and also a good phone number.) Also give me some background on what you’re in search of; meaning area or town you would like to live in, size of home, min # of beds, if you prefer certain options like a pool etc. Tell me as much as you can without writing a novel and this will help me tremendously because for the time being I will be doing this by hand and I don’t want to have to send more emails/ phone calls then I have to. If I come across a property that seems to fit your criteria you will be alerted (tell me what mode of contact you prefer in the email.) from that point (once I contact you) it’s up to you to get back in contact with me. One last thing within the email tell me if you have been pre-qualified this is somewhat important because no lender/bank will even look at a buyer’s offer unless they have been approved for the offer price. Since we have a very limited time to decide what you want to do before these homes go on the market its important you’re pre-qualified prior to us seeing any of these homes. If your not qualified as of “right now” that’s fine but you should start working on it because as already mentioned usually from the time I know about a good deal to the time they hit the open market is usually 24-48 hours….

-OTHER THINGS THIS SERVICE WILL BE HELPFUL FOR TO YOU:

A lot of time banks will have a home sitting on the market for a long time and decide all of a sudden:”WE NEED TO MOVE THIS HOUSE ASAP!”” When this happens (and it happens a lot) the bank reps call me and say:

“Hey I have a REO/Foreclosure/Bank Owned Home that is being reduced in price by “x” amount which makes it an amazing deal. The Bank just wants to get rid of it. If you have anyone that this price might make them want to purchase let me know by (a certain time) before I make the price change official in MLS.”

-WHY WOULD THEY DO THAT?

The banks HATE to show a 20k or 30k (or more in some situations) price decrease on MLS because when agents or the public sees that regardless of what home they are wanting to buy from that same bank they think. “Wow bank “Y” must want to start moving their homes, lets offer 10k LESS then we were even going to already lowball on a completely different house.”It starts a feeding frenzy to some extent, the banks would much rather just accept a really low offer quietly (which becomes public knowledge AFTER the sale is complete which is MUCH less noticed by all the active foreclosure buyers in the city.) then to have to loudly announce 20K OFF ON THIS BANK “Y”FORECLOSURE!

Again these dramatic price reductions actually happen a lot, in fact when they do again the people in the “know” purchase them and then when it becomes public knowledge after the sale everyone thinks “Wow, the bank finally accepted a lowball offer.” That’s not really the case the bank instead decided to get rid of the home made it super cheap and put the word out and got it sold before making the price reduction a public statement on MLS.

-AGAIN IF YOU’RE INTERESTED IN BEING “IN THE LOOP”ON THESE TYPES OF PROPERTIES SEND ME AN EMAIL TO SIGN UP.

You will NOT be harassed by phone calls or a 100 emails a day this is going to be done by hand meaning “ïf” something fitting the home you described to me comes my way I will be contacting you. Other then that you won’t be seeing any other sort of communication from me. I DO EXPECT THIS TO BE VERY POPULAR. This means I obviously cannot have 600 different people that I am keeping what they want in the back of my mind. I already have a couple people that I do this for and expect to be able to handle maybe no more then 20 people at a time MAX! If you are concerned I may have already filled my available spaces just send me an email with what you want and I’ll send you back an email if I can accept any additional clients. (That’s the best way I can think of to make it fair to myself and to clients. I don’t want to have several clients all looking for the same home to where they are having to out do each other.)