buying bank properties: Anatomy of an REO Purchase
- 04/05/09 07:39 PM
Thinking of purchasing an REO or Bank Owned property in California? For many, the lower sales price of most REO or bank-owed property has allowed them to purchase homes in previously unpurchasable California communities. If you are not already actively engaged in a purchase of short sale or REO property, in many parts of California, you may have missed the "boat." Homes in desirable locations (especially Silicon Valley and the Peninsula in Northern California) are now getting as many as five and six offers--above asking--on a bank-owned home. For those still interested in purchasing a bank owned or REO property, here's a quick guide regarding some … (1 comments)
Thinking of purchasing an REO or Bank Owned property in California? For many, the lower sales price of most REO or bank-owed property has allowed them to purchase homes in previously unpurchasable California communities. If you are not already actively engaged in a purchase of short sale or REO property, in many parts of California, you may have missed the "boat." Homes in desirable locations (especially Silicon Valley and the Peninsula in Northern California) are now getting as many as five and six offers--above asking--on a bank-owned home. For those still interested in purchasing a bank owned or REO property, here's a quick guide regarding some … (1 comments)
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