Bank Owned homes are the houses that banks have completed the foreclosure process on and now own.  Each home a bank owns costs it money every month.  This cost with no real benefit to the bank puts BANK OWNED HOMES on our DESPERATE SELLER'S DATABASE. 

The DESPERATE SELLER'S DATABASE tracks four specific types of sellers.   

VACANT and LANGUISHING: Listings in the real estate market that have languished for MORE THAN 90 DAYS.  While this is no guarantee that the seller is actually desperate, this approach has proven to be the most efficient way to identify whether a seller is motivated to negotiate. 

MOTIVATED SELLERS:  Sellers who have identified themselves in the public remarks of the MLS as "motivated".  

SHORT SALES:  When the seller owes more to the bank than the house is worth they can do a short sale.  Especially in today's real estate market the bank does not want to own the house!  

BANK OWNED:  Many of these homes are often vacant and move in ready. Some need a good deal of "love" before occupying. 

These four types of sellers create the full DESPERATE SELLERS DATABASE.  Sign up for your FREE Desperate Sellers Database for Salem Oregon.  Just pick the area that interests your the most.