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Advantages of buying an REO property compared to buying a short sale
If you have a potential buyer who is interested in a couple of similar properties in the same neighborhood, what kind of advice do you give regarding the pros and cons of making an offer on a short sale property as opposed to an REO property? The short sale could tie up the potential buyer's deposit for weeks and the negotiation could be more difficult than dealing with a bank owned property. As long as the clients are willing to purchase the property "as is", it may be wiser to try and get a good deal on an REO rather than ... more

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