Question:

Once a bank buys the house how quick til its for sale to the public for a for sale sign on it?

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Once a bank buys the house how quick til its for sale to the public for a for sale sign on it?

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  1. Varies

    Banks don't like owning homes and aren't good about acting expeditiously

    Contact them directly if interested, and get a jump on it. . .prepare to be given run around and make multiple calls to find out anything

    Banks don't generally buy homes, they foreclose on them because owner hasn't paid the mortgage, and they have more equity in home in than owner, and so they become owner;  they act slowly so be prepared


  2. Quick and bank don't go well together in real estate.  It can take months from foreclosure to for sale, depending on the property.

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