What's the difference between a Short Sale and a Bank Owned Home - 05/28/09 12:53 PM
Take some time to search for bank owned property, there are some good deals out there!
Via Heather the Realtor. Orlando & Lake Mary First Time Home Buyers & Luxury Homes (RE/MAX Central Realty):
The topic of hot debate, what's the difference between a short sale and bank owned property (REO)? This is a great question. There are two big differences. A property being sold as a Short Sale is still owned by the current home owner. They are in default on their mortgage and instead of being foreclosed on and ruining their credit more, they ask the bank to accept a sale … (0 comments)