I am reading that when a buyer is interested in a foreclosed property, they should be smart with the offer they submit, and send along a buyer biography. I know what a biography is, but what type of information should be in this biography, how long should it be, and should it be in third person or more auto-biographical? Or, am I just getting this whole idea wrong? Thanks|||Never heard of that. The seller will only be interested in whether you have lender preapproval for a loan (or are paying cash).|||First time to hear that I think you need to talk an expert for that matter.|||I've not heard of that and you may want to talk to the agents who have a long track record of both selling foreclosed properties and representing buyers of them to see if they have. Ask the person who told you for an example. But let me hazard a guess. People think foreclosed properties simply means getting a great deal on a house and not having to deal with persnickety owners when it acutally means buying something in a blind fashion that may even have other debts attached to it and need substantial repairs before it can even be lived in. This biography MAY be meant to show that you are a serious investor who has done this before and won't be surprised and pull out of a deal the first time you encounter one of the typical traps involved in a foreclosure. To the bank, it may be worth taking an offer thousands of dollars lower to make sure they have a GOOD buyer. So again, I am not sure, but I would suggest it would be a list of real estate transactions and investments you have been involved in. The point of a pre-approval letter is to show you are someone who will not have trouble closing the deal and I assume this is what this biography would be for as well. This would all be public information anyway, just all put into one place. I would not put anything private or that sounds like an Oprah chat, just properties you've owned and sold and invested in and perhaps any details that would show yourself to be more savvy. Maybe skills like construction experience or finance to show you will have the resources to care for the property and not have it be foreclosed again. Current employment or income MIGHT be useful, again to show the resources you have.

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