short sales: What’s the difference between pursuing bank-owned properties vs. short sale properties? - 05/15/11 02:34 PM
Understanding the differences between these two forms of distressed sales is critical to writing winning offers and paving the road to a successful closing. Perhaps more importantly, understanding their differences will mean that you’ll get the best deal possible on your purchase.
A bank-owned property (often referred to as a “foreclosure” or “REO”) is a home which has been taken by the bank. In this case, the foreclosure process has concluded and the property is now owned “free and clear” by the lender. Making an offer on a on a bank-owned property is relatively simple in that response times are quick … (0 comments)

 
Adam Duckwall, Twin Cities Expert (Edina Realty)

Adam Duckwall

Twin Cities Expert

Saint Paul, MN

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Edina Realty

Address: 700 Grand Avenue, St. Paul, MN, 55105

Office: (651) 353-4650

Mobile: (651) 353-4650

A Twin Cities Realtor's working perspective on the real estate industry


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