5 Advantages of Buying Bank Owned Property (REO)

Source: http://www.reiclub.com/realestateblog/5-advantages-of-buying-bank-owned-property-reo/

When a bank takes back a property as a result of foreclosure, it’s called an REO (real estate owned) property. Since banks aren’t in the business of owning property, it’s possible to buy REO properties for a discount. Many factors will affect the price: Location, property condition and interest in the property all come into […]

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