Bank owned REO (Real Estate Owned) properties is where the market is right now, Every Buyer we have spoken to is buying or looking for a bank owned foreclosed property. If you are not working with a Bank, I suggest you make some calls and get a hold of their REO list of homes available. If you don't know who to call a great way will be to look at the settlement sheet (HUD1) of some of your past closings and call the Lender on the sheet, ask for their REO Dept., a great way to build a relationship with the Lender.

 Its a very unique market right now, Buyers are out there looking for the right deal, take advantage of it make the call !  

 

2 Comments on Bank Owned Properties

JUL
13
2008
759,096 Points 13 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp

I am sorry to say you are right. I am sorrier to say it took me longer than it should to jump on this wagon
10:48am • #1
225,809 Points 14 Featured Posts Attended Rain Camp Called Shot Master

REO properties are a hot market right now, many investors and agents are jumping in on the trend. Unfortunately its a local market, some REO properties are not always the best deals and consumers should consult with thier local Realtors before making a decision.

 
11:07am • #2

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Dawn1 Rainmaker_large

Dawn Marie White, Broker-Office Manager

Brick, NJ

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Crossroads Realty Inc

Address: Serving Ocean & Monmouth Counties

Office Phone: (800) 677-4033 x 202

Cell Phone: (732) 581-9414

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As tech savvy real estate professional, skilled negotiator, mentor, coach and broker-sales manager for Crossroads Realty. Dawn Marie uses her experience, energy and enthusiasm to educate and motivate agents to reach for their highest level of success


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