{"id":21818,"date":"2009-06-17T19:04:49","date_gmt":"2009-06-17T23:04:49","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=21818"},"modified":"2019-04-23T20:56:06","modified_gmt":"2019-04-23T20:56:06","slug":"buying-bank-owned-properties-is-not-just-for-cash-buyers","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/buying-bank-owned-properties-is-not-just-for-cash-buyers\/","title":{"rendered":"Buying bank owned properties is not just for cash buyers."},"content":{"rendered":"

There is a long list of bank owned (REO)\u00a0properties on the MLS, however, many of them need repairs. This sometimes becomes a problem finding buyers. Many require cash only buyers.\u00a0\u00a0Why? Because\u00a0when a buyer is financing the purchase, properties won’t appraise if repairs aren’t made prior to closing. In the end the deal falls through if owner of record\/bank does not repair the property. So what can we do for those buyers who are looking to buy a home that needs some TLC, and is selling AS\/IS.\u00a0 You might want to have\u00a0them look into FHA 203K, also known as the Rehabilitation Loan (Rehab Loan). This loan enables homebuyers to finance both the purchase of the house and the cost of its rehabilitation through a single mortgage.\u00a0Repairs can\u00a0be made after closing. For more information you can go to http:\/\/www.fhainfo.com\/fha203k.htm<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There is a long list of bank owned (REO)\u00a0properties on the MLS, however, many of them need repairs. This sometimes becomes a problem finding buyers. Many require cash only buyers.\u00a0\u00a0Why? Because\u00a0when a buyer is financing the purchase, properties won’t appraise if repairs aren’t made prior to closing. In the end the deal falls through if<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5395,"featured_media":130092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[2181],"yoast_head":"\nBuying bank owned properties is not just for cash buyers. - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/buying-bank-owned-properties-is-not-just-for-cash-buyers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying bank owned properties is not just for cash buyers. - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"There is a long list of bank owned (REO)\u00a0properties on the MLS, however, many of them need repairs. This sometimes becomes a problem finding buyers. Many require cash only buyers.\u00a0\u00a0Why? Because\u00a0when a buyer is financing the purchase, properties won’t appraise if repairs aren’t made prior to closing. In the end the deal falls through ifRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/buying-bank-owned-properties-is-not-just-for-cash-buyers\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2009-06-17T23:04:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:56:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"EWM Marketing\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"EWM Marketing\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/buying-bank-owned-properties-is-not-just-for-cash-buyers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/buying-bank-owned-properties-is-not-just-for-cash-buyers\/\"},\"author\":{\"name\":\"EWM Marketing\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/3a9b03cccfbcd6dc5e4bcdcc0b2c8511\"},\"headline\":\"Buying bank owned properties is not just for cash buyers.\",\"datePublished\":\"2009-06-17T23:04:49+00:00\",\"dateModified\":\"2019-04-23T20:56:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/buying-bank-owned-properties-is-not-just-for-cash-buyers\/\"},\"wordCount\":161,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"keywords\":[\"Buying REO's\"],\"articleSection\":[\"EWM News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/buying-bank-owned-properties-is-not-just-for-cash-buyers\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/buying-bank-owned-properties-is-not-just-for-cash-buyers\/\",\"name\":\"Buying bank owned properties is not just for cash buyers. - 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