Some banks have special inhouse financing for their REOs.....

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Brandon E. Schlichter
HER Real Living
Circleville , Ohio
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I have not heard of banks financing the REO's in my research I have done so far. I am interested in getting in on the investing side of REO's but have seen a lot of mixed advice and opinions on if there is any money to be made.

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Realtytrac.com has a free 7-Day trial but I've never tried it.

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As an asset manager I ran into a few banks that may offer to finance a property that they just took back into REO, although a majority of them will not.

They tend to feel it is a conflict of interest.

Also the price you see on realtytrac is the list price the bank has decided to list the property at.

If it is that far under market - I would suggest you find a buyer asap and put in an offer.

Thanks

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Not saying people should always go this route, but if you want a deal you're more likely to get a better deal through a short sale than an REO. Short sale's aren't necessarily preapproved and tend to take longer on the flip side. Click here for more info on distressed real estate terms.

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James Hua
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