mls isted reo versus sheriff sale or foreiture auctions: Should I buy a property at the County Sheriff sale or wait until it becomes an REO? - 02/08/11 03:14 AM
A question I'm often asked is whether or not a buyer interested in a property that is being foreclosed on should buy it at a Sheriff's sale or wait until it becomes an REO (Real Estate Owned by a bank or lender.)? There are some definite caveats to purchasing a property at a Sheriff's sale which I discussed in an earlier post that buyers need to be aware of, but we can explore the question further.
The main motivation for a buyer asking the above question really revolves around whether or not they can get a better deal on a property if … (2 comments)