Ask Joe Weekly Vlog-Get Your Bank Owned Offer Accepted

Learn how to get your bank owned aka foreclosure offer accepted. As I’m sure you already are know, the abundance of bank owned foreclosure homes represent a great value for Phoenix area home buyers.

While the foreclosure homes bring great value they also bring competition. It is very common and more likely that a foreclosure home that is priced well will have multiple offers.

If you have been purchasing or attempting to purchase real estate in the Phoenix metro area within the last few years you have most likely experienced the ‘multiple offer disclosure form’ or dreaded ‘highest and best’ scenario.

Like anything that is worth the time and effort purchasing a foreclosure home proves to be another worthy challenge.  The fact that a property has multiple offers is a good sign that what your looking for is in high demand and in the real estate world that is always a good thing!

If you are gearing up to embark on the home purchasing journey and considering a foreclosure home (which right now in the Phoenix are real estate market is typically the best bang for your buck with the least amount of time invested) than it is imperative you have a Realtor that is experienced and knowledgeable with the bank owned process to help get your bank owned/foreclosure offer accepted.


Ask Joe Weekly Vlog-Phoenix Real Estate Rental Scam

Scam artists are posing as legitimate landlords and/or owners of record on vacant foreclosed Phoenix homes and attempting to lease the properties to trusting tenants only to take their deposits and rent and then disappear.

Renters are being asked for large deposits along with first and last months rent just to find out that the property they just moved their family into has been foreclosed on and they are required to move out.

Please do your research on the property and owners before you sign a rental lease agreement!  Make sure you ask for a picture id from the proposed owner/landlord to ensure they are who they say they are and then research the property and owner of records online.

If you have any experiences or situations that pertain to this please share them below.


Ask Joe Weekly Vlog – What Buyer Incentives Are Still Available?

Arizona foreclosure home for sale with closing cost assistanceFannie Mae is offering buyers up to 3.5% in closing cost assistance on HomePath properties through December 31, 2010.

This is a great opportunity for owner occupied home buyers and first-time home buyers looking for a great value on a Phoenix area foreclosure home.


Tell us what you are looking for in a home and sign up for our FREE Fannie Mae Home Hunter Service below.

Ask Joe Weekly Vlog-Can I buy a home with $0 Down?

Yes you can buy a home in Arizona with $0 down and little out-of-pocket expense.

$0 down home loan + foreclosure pricing + historically low mortgage rates = a win-win formula for any Arizona homebuyer.

Below this weeks video is one of our foreclosure homes in Queen Creek/San Tan Valley area just listed for $89,900. This home is just one example of a foreclosure home availabe right now that qualifies for the USDA $0 Down Home Loan program.


We're sorry, but we couldn't find MLS # 4439663 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Got A Real Estate Question?-Submit It Here To Ask Joe


Please fill out the quick and easy form below with your real estate related question you’d like answered. We will review the questions and respond to as many as possible next week on the Ask Joe Vlog and/or via e-mail as soon as possible.