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Purchasing a bank owned/foreclosed property (also known as REO - Real Estate Owned) can be an excellent way to get a great deal in today's housing environment. Often times you can purchase a property for less than 1/2 of what it originally sold for just a couple of years ago. Still, there are special things to watch out for when buying a "repo" instead of going the traditional route of purchasing a property directly from the homeowner. Often times there is deferred maintenance or repairs that will need to be done. Also, government backed financing such as FHA or VA may … (0 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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