Iowa Sheriff

how to buy a forclosed property in Iowa before it goes to a realator to sell on the market and get best deal?

there is a property located in Columbus Junction Iowa and the addres is 14357 R ave the county is Louisa and ther owner was Noel Bright. This property is forclosed and the forclosure company is listing with a realator whom I am told buy a realator in the area that he is going to be able to show the home for her( other realator) she is farther away and i assume that there is something in it for realator #2. realator #2 is telling me that whom ever is not decided a price yet for the home and i have made it very clear to realator #2 i am reqady to buy. i am wanting to bypass all realators and get the lowest price. Country wide home loan is one of the banks involved and the bank of new york is another. i found this out through the asessors office. the property asesses at 95360.00 and has five acres of hard woods. the land is valued at 27360.00 and the house is the rest. how do i get this property first and soon . also i have receiving a settlement of approx.50,000 cash to do this?

Public Comments

1. A real estate company will list this property and the bank will not deal with you directly. Actually it is not a bank but an REO company working for the bank. Find out who the listing company is from the bank and contact them. Chances are it will be weeks before the property is able to be sold but let the real estate company that is going to list the property know you want it. They are going to try to sell it for the most they can get, but the REO companies will usually listen to the realtor who knows truly what is worth.
2. Learn how to spell REALTOR
3. If the bank has hired a realtor to represent them then you probably can't by pass their realtor. You just may not need a buyers agent-- so a realtor to represent you. Go ahead and contact the bank directly. Maybe you can bypass it... they might even help you finance it... in return for a better purchase price.