RE0/Bank Owned vs A Foreclosure
An REO (Real Estate Owned) or Bank Owned is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. Very very few foreclosure auctions even result in bids. In...
View ArticleWhat Do They Mean—Highest And Best Offer?
So you put in an offer on a house and you have waited a week to find out the bank has 14 offers on the property and is calling for your highest and best offer. What should you do? First, look at what...
View ArticleMaking Offers On REO-Bank Owned-Foreclosed Properties
I know I’ve blogged about this one before—but it seems to be getting even more competitive when buyers are making offers on REO listings. What can you do now to make sure you get one of the fantastic...
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