buying orlando bank owned homes: The Tricks and Traps of Buying bank owned REO properties - Part 2 - 04/28/09 01:22 AM
This is the second part of this series.  Here is the link to Part 1 of the article. My goal with this series is to hopefully educate a few buyers and investors on the foreclosure and REO process.
Once the foreclosure has been concluded, the bank hires a real estate agent to list the property for sale.  The first step in doing this is to find out if the property is still occupied.  If someone is still living in the property, the real estate agent is instructed to offer the occupant "cash for keys," typically from $500 to $3000 (depending on … (2 comments)

buying orlando bank owned homes: The Tricks and Traps of Buying bank owned REO properties - Part 1 - 04/22/09 01:57 AM
The term REO has become more and more commonplace over the last couple of years.  It is an acronym for Real Estate Owned and means a property that has been taken back by a bank or similar institution either through a mortgage foreclosure proceeding or a deed in lieu of foreclosure.  In this first article on this subject, I plan on going through the basics of how a bank reacts to and deals with a foreclosure at least from my observations as a real estate broker who has listed short sales and REO properties and who has represented buyers in purchasing … (0 comments)

 
Rob Arnold, Metro Orlando Full Service - Investor Friendly & F (Sand Dollar Realty Group, Inc.)

Rob Arnold

Metro Orlando Full Service - Investor Friendly & F

Altamonte Springs, FL

More about me…

Sand Dollar Realty Group, Inc.

Address: Apopka, FL, Longwood, FL, Winter Springs, FL, Casselberry, FL, Orlando, FL, Deltona, FL, Debary, FL, , Altamonte Springs, FL, 32714

Office: (407) 389-7318

Fax: (407) 389-4418


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My thoughts on the real estate industry, real estate investing, rental properties, mortgages, listing houses in the MLS, government and legislative issues affecting real estate brokers and investors. Serving metro Orlando & most of Florida.

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