Experience Matters
 
When you find that dream home, there is better than 50% chance it will be foreclosure related. 

Will your agent know how to negotiate price and terms with the bank?

Will your agent be familiar with the forms and contracts used by the banks?

Will your agent know how to structure the deal to get you the best price?

 Phil Hanner has sold bank owned properties for major banks and lending institutions since 2007. He also has specialized in negotiated settlements (short sales) of properties that are headed toward foreclosure since 2004.

Take advantage of Phil's insider knowledge and years of experience in foreclosures.

Some claim to be "Certified Distressed Property Experts" because they paid a few hundred bucks to some company for the title. Many have never done a short sale or worked with an asset manager and never will. Phil sees the confusion and lost deals caused by agents who are not experienced in this field every day. Phil can walk you through the foreclosure maze.

And, of course, Phil helps buyers and sellers with "traditional" transactions.

SELLERS

You will likely be competing against foreclosure property. This will affect your price and your timeline. It will also affect how available you make your home for showings.

Agents who handle REO and short sales typically do more research into values and market analysis than traditional agents. The banks want to know what their asset is worth, as often as once or twice per month. This experience will help determine where to price your home.

If your market area is in a decline in value, you will need to stay ahead of that decline in your pricing or your property may never sell. As values stabilize, this will become less of an issue. Some sellers are in a position to be patient. Some sellers need to move quickly. And, unfortunately, some sellers are headed toward foreclosure and must beat the clock.
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 What is REO? REO stands for Real Estate Owned by a lender or bank. Please check out the other pages on this site for valuable information, including some killer deals that Phil has negotiated for buyers of REO properties and short sale properties. 



Time is often as valuable to lenders as money. You need to use this to your advantage.

Email Phil here  phanner@cfl.rr.com

Phil's goal is to inform you about buying REO and pre-foreclosure properties. There are many great deals available. 

 If you don't find the information you are looking for, please email Phil and he will get back with you as soon as possible.