Steps to buying a FORECLOSURE in Kalamazoo??

So you or someone you know is interested in buying a foreclosure in the Kalamazoo or surrounding area and you dont know how to start. The first thing you do is punch into google a search of “bank owned homes for sale in Kalamazoo” and a ton of websites pop up and you click the first one… You end up there to find out forms to fill out so you can get a “free” list, right?? No, you get your information sent to an agent that calls you and asks a bunch of questions when ultimately you just want a list of foreclosures and bank owned homes.

The first step in buying a home, whether bank owned or not, is to contact either a lender or a real estate professional that is EXPERIENCED in assisting in buying bank owned homes. The first and could be your most costly mistake is to find a real estate agent who has no experience or knowledge in bank owned, government owned and foreclosed homes.

Next, make sure your lender you are working with allows “repair escrows”, if your lender doesnt know what a repair escrow is, move on.

Once you get those two most important steps out of the way, its time to start shopping. You want to get set up on receiving all bank owned homes from your real estate agent through the mls or through SWMRIC so you are notified everytime a new listing is available..

Once you place an offer your real estate agent and lender will you to closing… and possession is yours!

Feel free to visit us on the web @ HomeForSaleKalamazoo.com or call us @ 269-207-4712 for more info.

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About Buying Kalamazoo
Matt Mulder is an award-winning real estate professional in South West Michigan as well as leader and CEO of the #1 Real Estate Team in the area. The Matt Mulder Home Selling Team consistently helps over 300 families a year with their real estate needs, and would love to help you buy and sell as well! Matt launched his career in 2006 at the age of 23 being one of the youngest professionals in the area, after graduating from Western Michigan University with a degree in Business Management. Through hard work, persistence and devotion to great client care, Matt has grown to be in the top 1% of real estate professionals in the world. His determination to treat each client with the same care and respect, no matter what, has catapulted him to the top of his game. Using tried and true methods, as well as a proven systematic approach, Matt and his team are committed to making sure each and every person is 100% satisfied with their buying or selling experience.

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