Went out with a client of mine to look at potential investment property. We were informed of the mold. Well, we were in for a surprise. We elected not to venture into the house fully. We just stayed on part of the main floor. Take a look and see for yourself. Make sure to protect… Continue Reading
An REO property, is a property that has gone through the foreclosure procedures and failed to sell at a foreclosure auction. After the Auction, the property goes back into the bank or institution’s portfolio. Once owned, by the bank, the property is then placed for sale, typically at a discounted price compared to non REO… Continue Reading
Let’s take a quick look at REO properties REO properties are bank, lender or government owned properties. Properties that did not sell at a foreclosure auction. REO properties present a lot of opportunities but also some issues. Pros of REO properties Prices tend to be lower compare to a non REO property. Provide opportunity to… Continue Reading
