pfishing: Buying lists of foreclosures - 06/25/08 02:47 PM
Just don't do it! The vast majority of bank-owned homes are listed by local real estate agents. If you want to purchase a foreclosure, just pick up the phone and call a local agent.
A bank-owned home, or foreclosure, is also referred to as an REO. That stands for Real Estate Owned. Seems counter-intuitive, doesn't it? Why call it "OWNED"  when it seems that those are the homes that are not owned? Well, they are owned--just by an institutional owner, and REAL ESTATE OWNED is an accounting term that simply categorizes the type of asset on the positive side of the … (10 comments)

 
Liz Lockhart, GRI, Cape Girardeau Real Estate (Riverbend Realty, Cape Girardeau, MO)

Liz Lockhart

GRI, Cape Girardeau Real Estate

Cape Girardeau, MO

More about me…

Riverbend Realty, Cape Girardeau, MO

Address: 303 N. Fountain, Cape Girardeau, MO, 63701

Office: (573) 651-0777

Mobile: (573) 450-0777

Life's journey and all things real estate-- REO, short sale, buying homes, selling homes, listing homes, buyer agent, seller's agent, relocation


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