Online Investor Company Helps Banks Offload REOs
Wednesday, September 10, 2008
Sacramento, California-based TheHomeBuyingCenter.com matches REO and foreclosure properties with investors and potential home buyers. According to the online real estate investor company, buying a foreclosed home is a goal of many prospective home buyers including first-time home buyers, but the process is not always simple. Buyers of foreclosed properties face numerous uncertainties that can be overcome with knowledge and preparation.
To that end, and in hopes of facilitating the buying and selling process, the company announced today that it will share the secrets of buying foreclosed homes with potential buyers and visitors to its Web site. The company's “buy a foreclosure home” services include free introductory counseling for people looking to buy a house, and cover subjects like mortgage pre-qualification, how to take advantage of short sales, and tips on making offers.
According to the National Association of Realtor's Chief Economist Lawrence Yun, between 33 and 40 percent of current home sales activity results from foreclosures and other properties with an overburdened seller.
Many foreclosed homes are being sold in an as-is condition, and prospective homeowners should have an experienced team of knowledgeable real estate representatives on their side to watch out for hidden problems, the company explained in a press statement. TheHomeBuyingCenter has a nationwide network of real estate professionals who help match potential buyers with properties in their local areas.
Company president, Patrick McGilvray, explained, “We have relationships with thousands of real estate agents who specialize in helping people buy foreclosure homes directly from banks. These agents also work directly with loan officers who know a lot about government loan programs.”
TheHomeBuyingCenter said it has a network of over 4,000 investors across the United States who are ready to buy houses for cash, and has relationships with real estate professionals in every city and state in the nation to provide customers with unmatched real estate services.
To that end, and in hopes of facilitating the buying and selling process, the company announced today that it will share the secrets of buying foreclosed homes with potential buyers and visitors to its Web site. The company's “buy a foreclosure home” services include free introductory counseling for people looking to buy a house, and cover subjects like mortgage pre-qualification, how to take advantage of short sales, and tips on making offers.
According to the National Association of Realtor's Chief Economist Lawrence Yun, between 33 and 40 percent of current home sales activity results from foreclosures and other properties with an overburdened seller.
Many foreclosed homes are being sold in an as-is condition, and prospective homeowners should have an experienced team of knowledgeable real estate representatives on their side to watch out for hidden problems, the company explained in a press statement. TheHomeBuyingCenter has a nationwide network of real estate professionals who help match potential buyers with properties in their local areas.
Company president, Patrick McGilvray, explained, “We have relationships with thousands of real estate agents who specialize in helping people buy foreclosure homes directly from banks. These agents also work directly with loan officers who know a lot about government loan programs.”
TheHomeBuyingCenter said it has a network of over 4,000 investors across the United States who are ready to buy houses for cash, and has relationships with real estate professionals in every city and state in the nation to provide customers with unmatched real estate services.
