#Ibc bank houston update
#Ibc bank houston free

Many of the bank and credit union repossessions are sold as-is, which means there is no warranty from the seller. Not only are you able to capture savings with low prices, but you can also realize value in other ways. The banks have absolutely no emotional attachment to these repo’s and have the ability to sell them below what the underlying lien is.

#Ibc bank houston free

You have the bank assisting you with paperwork and financing (if needed), but you also have the luxury of a commission free environment where you can work out a better price. In some ways, buying a credit union repossession is similar to buying from both a car dealer and a private party. Once you agree on a price with the bank the process is fairly straightforward. Be very cautious of buying anything site-unseen. Most lenders will also allow you to do your due diligence and properly inspect the repossessed property prior to bidding. Instead the bank will just have you fill out a form (sometimes online) or give them an offer verbally in person or over the phone. This process is not done in a typical auction setting with an auctioneer. More common though is an open bid where all buyers can see the highest offer and compete with each other. In some cases it’s a closed bid, so you don’t see what others have offered. Once the initial price is set the bank will open the door to offers or bids. With bank repo and REO sales, don’t be afraid to offer less. This is the same value guidance banks use in determining how much they’ll lend on a vehicle or home purchase. The price is typically based on the vehicles book value or a recent appraisal. Generally speaking, most repo sales will begin with an asking price determined by the bank. If you find a bank that is not listed, you can add it to our list here.Įach bank and credit union will have their own unique way of marketing these orphaned vehicles and real estate properties. We’re always adding new banks to our list on a regular basis.

#Ibc bank houston update

Many of them update their repo listings daily. RepoFinder links to thousands of lenders selling bank owned inventory. There is no commission or fee when you buy directly from the bank. If you didn’t buy it directly from the bank it’s not a real repo sale. Don’t be fooled by others claiming to sell “bank repo’s”. RepoFinder is the Largest Bank Repo List in America:īecause banks and credit unions in all 50 states are included in our list, you can find more repossessions sold at more lenders than anywhere else. RepoFinder provides a simple directory of links to banks and credit unions across the United States that sell these repossessions. Buyers just like you are able to negotiate with your local banks and purchase these items at a discount. Many banks and credit unions sell repo homes and vehicles directly to the public. In addition, if you need a flexible schedule based on school or family, IBC can accommodate as we have locations that are open extended hours.Īlso, IBC provides employees with vacation, medical insurance options, 401K, and a stellar profit sharing plan that is very rare to find in today's economy.Buy Repossessions Directly From Local Banks and Credit Unions: IBC gives you the tools, it's up to you to capitalize and take advantage of the opportunities.Īnother great avenue of extra income generation is by simply performing your job at an exceptional level and getting scored on JD Powers, which are sent periodically to customers that you service. In other words, the bank rewards it's employees monetarily based on performance encompassing account generation production, credit card sales and our referral program consisting of insurance, mortgage, merchant services, investments, ect. The bank has an array of opportunities and positions for candidates to pick from ranging from the frontline to backroom operations.įront line positions such as tellers, sales, and management give you the opportunity to increase your salary by capitalizing on our excellent incentive program which is linked to individual performance.

IBC is a great company to work for as it has been recognized and ranked by Forbes as number one in Texas.