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reo: Investing in Baltimore Foreclosures - 02/27/07 10:35 PM
You might ask, what is a Baltimore foreclosed home? A foreclosure is a house that has been repossessed by the bank, as a result of a default. For some reason, the owners of the property were not able to fulfill their obligation on the home mortgage, also as a result of lack of payments, the Bank or mortgage company took it back. When something like this happens, the finance agency now has a REO home they have to get rid of. Most finance companies are not in the business of selling properties, they simply lend money to purchase them, so they
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Blaine Newcomb
Baltimore,
MD
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Office Phone: (443) 829-6277
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