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» REO Properties

Posted on 12/24/2004
REO properties are most often commercial or residential real estate that is being sold by the government, an auction or a bank foreclosure as part of a fire sale.

Althought the deals can be great, it's worth spending some time investigating the property thoroughly before considering a purchase. If unexpected damage, problems, maintenance issues, etc. arise during the due diligence process, closing a loan on these types of properties could fall through, leaving you in a bad position. Make sure to stay ahead of the game with solid research.
Posted in Miscellaneous