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Snohomish County, WA Buying Bank Owned Properties (REO) Foreclosures Part 1 of Series
When seeking counsel it is often best to receive it from multiple sources and then make up your own mind as a free thinker.Well, I continue to bring you resources from other notable authors and REALTORS® on the Subject of Buying bank owned homes.
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By Don Sieb
HomeSeeker Center
 

Do you want to know how to buy Bank Owned Properties (REO)?  Part 1 in a series
Everyone has seen the late night infomercials about how easy it is to buy real estate from the bank and make a quick buck. The reality is that it is not as easy as they make it sound. There is definitely buying opportunities available but you need to understand how this process works.
Learn everything you can so you are prepared. REO vs. Foreclosure REO (Real Estate Owned) is a home that the bank takes back from the owner that is not sold at auction. Typically, the bank will work with the home owner to help them cure the default so they can ... more

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