How To BUY Bank-Owned Foreclosures at the FORECLOSURE Auction? Part 1 ~ Common Questions and Answers

#foreclosures #realestateinvesting #realestate #foreclosureauctions

I was requested to make some videos on "How to buy properties at the foreclosure auction". This is the mortgage foreclosure auction. These are the auctions that determine if the bank/plaintiff will get the property back as an REO asset or if a 3rd party bidder will have a higher bid and take ownership of the property. One of these two scenarios is going to happen.

In this video, I answer some of the most common questions concerning bidding on these properties. This is the first video in a series, so make sure and watch until the end to get a solid foundation of what to expect if you plan to bid at the foreclosure auction.

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Brandon Vinyard
Broker/Owner - The Agency
REO Specialist
Selling Real Estate Since 2002
📲 850-332-2050

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Brandon Vinyard is a real estate broker/owner, entrepreneur, investor and father of three boys. He started selling real estate in 2002 and has closed over 4,000 transactions to date. The more impressive figure is the number of contracts he's reviewed in his career, and that's estimated at over 33,000 contracts. The reason Brandon has higher sales numbers than any agent on the Gulf Coast is that he has been a bank foreclosure listing broker for over 18 years with clients including HUD, Fannie Mae, Freddie Mac, the VA, Wells Fargo, Bank of America, SPS Servicing, Bayview, Nationstar, Caliber Home Loans and numerous others. Brandon has been doing REO so long he's even worked for older companies not around any longer like Countrywide, Wilshire, Option One and Indymac Bank. After 19 years in the real estate business, Brandon recently restructured his company by downsizing his office to a more modern virtual office. Brandon's experience level in real estate is unique because he's had the benefit of learning from not only just being an agent, but from being a broker/owner of his company for over 16 years, for having 30 plus agents working underneath his brokers license, for owning part of a title company, for having a mortgage brokers license, to dealing with tens of thousands of contracts and bank addenda; his experience in the industry is simply unmatched. Experience Matters in Real Estate!

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[BrandonTheBroker]

Video 1 - How to Buy Properties at the Foreclosure Auction in 2023. These videos are based on the foreclosure laws in the state of Florida. Make sure and check the clerk of the court's website for whichever county you plan on bidding in. Google mortgage foreclosures for your county. Thanks for watching.

[Tejocity]

Some questions if you don’t mind
After winning a bid… when do you get the keys of the house or possession of it?
What about people living it, who’s in charge to tell them is time to leave.
Thanks
Niice channel

[andrecarajeleascov]

Thanks for the video. What about the Title? Can we get a Title insurance? Or do we need to start a Quiet Title Action? Thank you very much