reo purchases reo concerns: REO Purchasers: Things you need to know
- 04/19/12 07:37 AM
One of the areas which I have recently become extremely active is real estate owned by banks and other financial institutions after foreclosure (generally known as "REOS"). REO purchases are not for the meek, and I thought I would share with you some of the "issues" which almost always obtain when purchasing an REO: 1. REO Properties are always sold "as-is". This means that you may be able to get limited financial concessions for problems at, or around, the dwelling, but virtually "never" have an REO Seller, which will fix or restore problems in the dwelling. 2. The closing … (1 comments)
Realtor's Resource Blog is dedicated to furnishing current strategy and information to the Massachusetts real estate community of professionals and to out of state realtors and REO and relocation companies who need excellent representation in Massachusetts. My law firm, Topkins & Bevans, can cover the entire state of Massachusetts. I hope to use my 40 years of hands-on real estate experience to assist you and your Massachusetts Buyers and Sellers.
One of the areas which I have recently become extremely active is real estate owned by banks and other financial institutions after foreclosure (generally known as "REOS"). REO purchases are not for the meek, and I thought I would share with you some of the "issues" which almost always obtain when purchasing an REO:
;)
;)
;)
