15 Recommendations For A Successful REO Foreclosure Transaction

15 Recommendations REO Foreclosure Transaction

There are several differences between real estate transactions of a bank owned REO property and a non bank owned property. When considering the purchase of an REO foreclosure, also referred to as bank owned real estate, there are simple instructions to follow for a successful transaction for all parties involved, including the Listing Agent, Buyers Agent, Asset Management Company, and the Buyer. These 15 recommendations are designed to assist you in understanding the expectations involved in … [Read more...]

Guidelines for REO Offers and Escrows

REO Guidelines

These informational guidelines are for the REO purchasing process. They are not intended to be a binding agreement of any kind. The information contained herein is designed to create an informed Selling Agent and (potential) Buyer and reduce stress and ill feelings on all parties in the transaction including Buyer, Agents, and Asset Managers. Reality of submitting offers on REO properties. While we are legally obligated to submit all offers until there is an acceptance of one (no … [Read more...]

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