Beware of Hidden Fees - 07/14/08 05:59 PM
I know its been a while since I last blogged. I have been swamped with bank owned properties (REOs) and bringing sales to fruition. Over the last few weeks I have found that there are certain fees that buyers may not be aware of when purchasing REO properties compared to short and fair market sales. 
The first is an overinflated escrow fee. The escrow fee for a home that is $200,000 is generally around 250-300 dollars, but if it is an REO than the fee increases to $850.00 minimum just for being with an REO.
The next is region specific. If … (3 comments)

 

Matthew Zgonc, Realtor, CFS, CVS

Modesto, CA

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