<prompt> Human: Hi Guys, First time home buyer here so I might have some questions that seem pretty obvious. So I am looking at buying a condo. Im 25. I currently live with my parents rent free. I am seeing alot of great bank owned properties on the market and I would love to make an offer. Downside is, I dont have the full amounts in cash most of the properties are asking for. So I will be putting a 20 down. My mortgage broker and real estate agent strongly discourage me from going after bank owned properties. They say it takes too long to hear from the bank. This annoys me because, I currently live at home so its not like I URGENTLY need to find a place. I have the time to wait it out. Are they just being lazy because its the same amount of paper work for less commission? Does anyone have experience buying bank owned properties without the full amount in cash? How long did it take to hear back?Thank you for guiding a newbie!edit: Thanks for the advice guys. I just wanted to add that Im thinking of buying a condo, and not a house. NOt sure if this makes a difference in anything. I also live in NJ.edit 2: Wow! I just checked back on the comments and never expected to get this much. Thank you so much for taking time out to respond to me. Im sorry If i dont get a chance to directly thank you. Please know your advice is greatly appreciated. Assistant: There are agents that specialize in bank owned properties. You might be best served by finding such an agent.Human: GREAT! I didnt know about this. I will start researching.  <response>: You could politely and clearly ask your current agents of they have any recommendations of agents willing to take on this work. That might get them on board 