These distressed properties have been a great source of opportunity for homebuyers. You need to know the difference between all three before you start looking at these types of properties.
- Foreclosures -Still in the name of the homeowner but being sold by the bank through auctions.
- REO -"Real estate owned". Owned by the bank because a house did not sell in auction. These are marketed and sold by real estate agents for the bank.
- Short sale - Owner of the home is trying to sell their house for less than their total mortgage to avoid foreclosure.
The process to purchase any of these is complicated and may take months to complete a deal. Call/text or e-mail me if you are interested in these properties so we can go over the details.
WE ARE ALL ABOUT TEXOMA EACH AND EVERY DAY HELPING YOU WITH YOUR TEXOMA HOMES FOR SALE NEEDS.
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LAURA FILIP • TLF PROPERTIES INC
(903) 564-5911 • LAURA@GreaterTexomaMLS.com
LAURA FILIP • TLF PROPERTIES INC
(903) 564-5911 • LAURA@GreaterTexomaMLS.com
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