The U.B.I.D. Foreclosure and Bank Owned Center

  Submission Form
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Absolutely the Best Foreclosures and Bank Owned Properties at The Best Prices, bought with the least amount of hassles – Guaranteed!

U.B.I.D. Foreclosures and Bank Owned Properties have been certified by industry experts to be the best deals and the best foreclosures available on the market today; So much so that if the buyer is not satisfied with their purchase, we will buy it back from them.*

Warranted against defects as well as the buyers personal satisfaction, these foreclosures are bought through a unique bid process and each foreclosure absolutely will be sold*.

Co-operating real estate agents receive a 3% co-op fee when they sell an U.B.I.D. property.* These foreclosures go quick so act quickly.

U.B.I.D. Foreclosure and Bank Owned Properties carry a Buyer Satisfaction Guarantee!  U.B.I.D. Foreclosures, come with a written guarantee stipulating if the buyer is not satisfied with their Foreclosure  purchase, we will buy it back from them.*
U.B.I.D. Foreclosure and Bank Owned Properties come with a Warranty against defects!  Buyers automatically receive a 12 month Foreclosures Owners Warranty protecting them against any mechanical defects.*

Hassle Free Bid process! Buying an U.B.I.D. Foreclosure and Bank Owned Property is easy and hassle free.  Through a unique and hassle free bid process, the Foreclosure  buyer has ample time to preview the property, make any inspections, initiate any and all proper due diligence and secure the property under contract for a smooth on time closing.  

Are U.B.I.D. properties good deals? Absolutely! These Foreclosures carry below market pricing and go quick, and absolutely will be sold.*  

The bid deadline is Friday at 2:00pm.  All bids received prior to that time will be reviewed by the Seller and responded to according to the offer, terms and deadlines. 

All bids submitted must be on a FARBAR Purchase and Sale Agreement.

If the U.B.I.D. property is being listed as active in the MLS, then the property is available for Bid's.  Please be aware that multiple offers may be submitted.  Total number of bids as well as any offer terms will not be disclosed.

AGENT INSTRUCTIONS

In order that your buyers receive the best chance of acceptance, and based upon my experience with the R-BID process, I would suggest the following items be addressed in the offer.

Cash Offers Preferred.  Offers that include a financing contingency must be submitted with a strong pre-approval letter stating that the buyer has applied and has met bank criteria in regard to the stated loan amount.  Appraisals, inspections and loan commitment shall be completed within 14 days.  Please download the submission form (below) and fax it to our office at 305-821-3288.

FAX your bid on or before the bid deadline to the listed agent. The agent is listed as such in the broker information section of the MLS listing.  If you do not receive a confirmation of receipt of your offer from the agent, please FAX your bid to 305-821-3288.  Then call the agent directly.

If you would like to receive a copy of the sellers’ property disclosure or have any questions about an R.B.I.D. property, please fill out the online request form below. Be sure and indicate in the comments the property address the buyer is interested in and specifically what you are requesting.  Your request will be processed as soon as possible, usually within one business day.

 **All co-operating real estate agents will receive a 3% commission paid to their real estate broker upon the successful sale and closing, provided the sale and/or any counter bid to purchase is not conditioned upon the Sellers' bank/mortgage company approval.  If an U.B.I.D. property is subject to a Sellers' Bank/Mortgage Company approval, then the co-operating commission will 50% of the total commission paid at closing. 

Pricing and terms of any bid/offer to purchase are subject to Sellers approval.  Bids are treated and handled in accordance with the Florida Real Estate Commission's license law and guidelines as well as the Florida Association of Realtors standards and practices of licensed real estate agents. 

*Some conditions and restrictions apply to the guarantees and warranties provided to buyers of U.B.I.D. properties. U.B.I.D. is a registered trademark.

Click Here to Download Submission Form