Question: Would you buy a bank owned property?

If so, what precautions would you take to ensure you got good title? And have you read the Audit of SF foreclosures done by Aequitas Associates?

This entry was posted in Macro Trends and Analysis on by .

Free Updates!


Tom Stone

Contact Info:

Real Estate Agent

(707) 364-2477

StoneForHomes@Gmail.com

Creative Property Services

Sebastapol, CA

DRE #:01479497

Connect With Me:


About Tom Stone

I am a Broker Associate with Creative Property services (CPS) in Sebastopol Ca. My father was an Appraiser and expert witness based in Oakland Ca for many years and I grew up having the basics drilled into me. I enjoy what I do and I am good at it. I managed income property in Oakland for a number of years and was licensed to run a collection agency for more than a decade. I have also worked as a credit manager and as the senior collector at the test center of a Bank . I have been commenting for years at "Calculated Risk" and on other Real estate Blogs including the defunct "Sonoma Housing Bubble" Blog. The best job title I ever had was "Chief Garbler". My Email Address is "StoneForHomes@Gmail.com" and my cell # is (707) 364-2477, please don't call before 7 AM or after 8 PM unless we have a deal in progress.


Read All posts by

2 thoughts on “Question: Would you buy a bank owned property?

  1. mikewilliamsenmikewilliamsen

    Good point Tom. I have a buddy who does securitization audits. Most loans have been securtized, with illegal documentation, fraudulent transfers, and all sorts of wickedness by the banks creating a challenging chain of title. Buying a property at a trustee sale without benefit of title insurance could backfire.

  2. jene26

    I see no issue buying a bank owned property. Sometimes, you can get the best deal this way. However, make sure you have the correct financing.

Leave a Reply