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?

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Tom Stone

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Real Estate Agent

(707) 364-2477

Creative Property Services

Sebastapol, CA

DRE #:01479497

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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 "" 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.

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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.

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