subject: End Your Search for Affordable Homes with BofA Home Foreclosures [print this page] BofA home foreclosures is a good short cut to finding affordable properties. One of the major banking institutions in the country, the bank boasts of a wide range of real estate owned property that can fulfill any requirement. From modest family homes, apartments, townhouses and condos, the bank's invetory is any buyer's dream.
One of the attractive features of BofA home foreclosures is its low price. Like all banks, the BofA do not really wish to sell properties and are inclined to provide perks and incentives just to stimulate sales. But the company does have a department dedicated to disposing off these homes. It also has a network of designated real estate brokers and agents offering the homes to the market.
There are many advantages to purchasing real estate owned or bank owned properties. For one it is pretty much like purchasing a brand new home in terms of financing. Buyers can be sure that these homes come with a clean title with no outstanding taxes, holds of liens of any kind. A lot of buyers favor the secure and straightforward manner of dealing with a bank, especially ones that they already have a standing relationship with. They are assured that the transaction is always up front and on the level. Buyers would not have to worry about evicting former home occupants when buying bank owned homes because the bank typically takes care of this situation.
Preparing for Your Purchase
Before you can make an offer for a real estate owned property there are two tasks you need to accomplish. The first is to get pre-approved for a home loan and the second is to touch base with the bank-appointed real estate agent. A loan pre-approval indicates your seriousness in going through with your purchase it also ensures the bank that you are capable of paying off your purchase. BofA foreclosure homes can be purchased only through the bank's appointed agent so you need to seek out the agent in your area to help you make an offer to the bank.
End Your Search for Affordable Homes with BofA Home Foreclosures
