Contingent Offer On A Foreclosure

/ / Published in Uncategorized

“Hi Gary. You sure are the king of foreclosures. My wife and I want to buy one, but need to sell our home first. Will a bank take a contingent offer on a foreclosure?”

***ANSWER:
Absolutely no chance.

Even if your home is in escrow, no bank will accept the closing as a contingency.

Sorry.

Buying A Home In San Diego

Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

What you can read next

San Diego Home Inspections
Find a good agent
The Real pre-approval