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MARYLAND REO PURCHASES- TRICK OR TREAT?

There have been many articles lately in the news and on-line about the rash of foreclosure "fraud" that seemingly is running rampant in courts across the country.  And there has been much discussion about lenders "freezing" foreclosures nationwide.  While there may well be a "freeze" I can tell you that I received e-mail alerts today advising that more than 30 new properties came on the market today, all of which have gone through foreclosure and all of which are now being sold on the open market by the banks. So while there may be a freeze on new foreclosures, those properties which have gone through the foreclosure process are still hitting the market and can be TREATS.  REO PROPERTIES SOMETIMES OFFER THE BEST VALUE IN THE NEIGHBORHOOD!
THIS IS GOOD NEWS and IT'S NOT A TRICK.  Many have called me to inquire about the insurability of properties being conveyed by banks to ARMS-LENGTH PURCHASERS and I am pleased to be able to tell them that we are able to offer title insurance, with no additionoal premium to both lender and buyer on these transactions.
While we may never know whether or not any of the documents in the forclosure files ... more

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