bank owned: REO IS THE WAY TO GO
- 01/10/09 04:00 PM
Today's Real Estate Market may be bad for some but for those of you looking to buy a home then you have a wonderful opportunity to own a home or investment property at a price well below current market value. There is a lot of hype surrounding buying pre-foreclosure property, but to most this is difficult and often disappointing route to finding a bargain property. The truth is that most pre-foreclosure homes have been financed way above todays realizable value and the lender is not prepared to come down that low at that stage. Typically these homes also have a second … (0 comments)
bank owned: Where to Find Bargain REO and Bank Owned Listings
- 01/08/09 04:22 PM
What is a foreclosure or foreclosedproperty. Well the first important point is that these properties are no longer owned by the resident home owner or borrower and are now owned typically by the lender who made the loan on the property. This has usually come about because the owner failed to keep up with their payments to the lender and the lender enforced their right to take the property back through foreclosure. It is important not to mix these up with homes that are "in foreclosure". These homes are still owned by the borrower and it is far more difficult to negotiate a … (4 comments)
Today's Real Estate Market may be bad for some but for those of you looking to buy a home then you have a wonderful opportunity to own a home or investment property at a price well below current market value.;)
;)
