bank owned: Finding Your Dream Foreclosure: What to Know When You’re Buying an REO Property
- 10/27/09 06:30 AM
By Amy Hoak RISMEDIA, October 5, 2009-(MarketWatch/MCT)-Buying a foreclosure often is appealing to buyers trying to stretch their dollars. It's finding a good one can that can be a challenge. "The vast majority of the banks don't want us to advertise them as ‘bank-owned' because it comes with a negative connotation," said Ryan Melvin, co-owner of More Realty Group in Las Vegas. That means no sign on the front lawn indicating the home is anything other than a traditional sale. A buyer probably won't find a property advertised as a foreclosure on marketing materials, said Melvin, who specializes in real-estate owned … (0 comments)
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