I Just Had My Home Foreclosed On - Do I Get "Special Treatment" If I Buy Another REO Property?

Real Estate Agent with C21 Scheetz


My broker secures a lot of HUD foreclosure listings in the Arlington and Mansfield in Dallas-Fort Worth area that are assigned to agents in the office for oversight and follow up with propsective buyers.

In the "thought we'd heard it all" category, I recently encountered an potential buyer client who had an interesting perspective regarding her eligibility to by an REO property. She told me that she had recently gone through a foreclosure on her home, so she wanted to know if she received "special consideration" in the purchase of another REO property! It's no wonder that the general public is confused about realities of today's housing market.


Comments (2)

John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Right when you think you've heard it all...well. ... then comes another story to top it off.

Oct 24, 2011 10:07 AM
Phil Amodeo ABR,CRS,e-PRO,SFR
C21 Scheetz - Carmel, IN
Carmel, Fishers, Geist, Indianapolis North

It never ends ;-))

Oct 24, 2011 10:09 AM