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Larry Brzostek, CRS, CLHMS, Broker Associate
RE/MAX Alliance Group Direct: 941-308-3845 Cell: 941-993-3125 e-mail: larry@lbrzostek.com Website: LarrySellsSarasota.com Ann Brzostek, Marketing Director (0 comments)
bank owned: Q&A Bank Owned, Foreclosures, Short Sale & Property Sold 'as is'
- 01/21/09 06:30 AM
Many customers are unaware of the different stages of foreclosure and what is involved in purchasing one of these properties. Bank Owned (REO) Properties & More Ann: Is it easy to buy a bank owned property? Larry: Bank Owned (REO) are properties that the Bank has acquired through a foreclosure. This action should have cleared all liens that were junior to the first mortgage, (second mortgages, equity lines, judgements, etc). That should make it easier to purchase; the bank is looking to move it out of its inventory and take whatever loss exists for the property. These are properties that the (0 comments)