*1. Buyers should always consider the purchase of an owners title insurance policy to protects
themselves if there is a claim against the title. It is always a good idea to get owners title coverage and
especially on bank owned homes where the ownership may have changed several times during the
course of the foreclosure process.

*2. Contrary to what you may hear on the news, there is actually allot of competition among buyers for
these homes and the best priced homes in the best condition often sell very quckly. It is very common
for newly listed bank owned properties that are priced well to have multiple offers within just a few
days of coming on the market.

*3. In order to get a great deal on a quality home, it is important for buyers to be among the first to
know about the best new listings when they hit the market and be prepared to take action when they
find the right house. Signing up for our Automated Home Search is a simple, easy way to make sure
you are promptly notified of all the homes that hit the market that may be of interest to you.

*4. In most cases, sellers will not consider an offer that is not accompanied by a proof of funds or a
pre-qualification letter from the buyer. It is important for buyers to talk to a loan officer early in the
home buying process, not only get pre qualified, but also to find out what price range and monthly
payments they are comfortable with.

*5. Buyers may consider options other than a bank owned properties. Foreclosures are not the only
opportunities to get a great deal on a home purchase. Other approaches might include motivated
sellers with equity, short sales, county auctions, etc. The truth is, to sell in todays market, individual
sellers have to compete with the bank owned and short sale properties and if they are trying to sell at
a price much higher, they may not be able to sell for a very long time……a skilled negotiator working
on your behalf can often help the seller understand the cost of having the home on the market for such
an extended period of time and that it may be better to sell now at a lower price and move on.

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