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TCnbc Magazine - 15
Continued from page 14
7) DO NOT ask for any repairs to be done! The property has undergone rigorous
BPO (Broker Price Opinion reports) by several qualified agents, prior to list,
so the property has been fairly priced INCLUDING any defects that may be found.
8) Please take into consideration any special assessments such as untility
assessments - the bank will not pay for assessments (water connection) that
were entered into at intitial purchase.
9) Title Insurance: The bank sometimes pays for these, but there is no
guarantee - be prepared to absorb this cost.
10) Home Warranty: The bank will not provide this.
11) Stamp Duties: Most times, the bank will pay for these but be prepared to absorb this cost of you really want the house
12) ABOVE ALL, DO NOT LOW-BALL THE BANK! At the price offered, the listing will attract MANY offers and if you low-ball, you are asking to have your offer rejected!
JOIN US NEXT MONTH FOR MORE TRICKS AND TIPS ON GETTING your FORECLOSURE offer accepted - first time!
Contact Susan Burton Columbo at 772-528-1504 for expert REO and Short Sale advice
(772) 872-6072