Real Estate Forums
| REO/BPO and Foreclosures Real Estate Owned and Broker Priced Opinion topics, as well as discussions on foreclosures and how to make the most of this aspect of the real esate market. |
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Some banks have special inhouse financing for their REOs.....
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My Consumer Blog How to get REO listings, BPO Company lists, and negotiate short sales FREE. My RE Website built from Notepad! Brandon E. Schlichter HER Real Living Circleville , Ohio 740-571-1606 |
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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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Protect Your Brand Online | SEO for Real Estate Home Insurance by State with direct real time quotes and information. |
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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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Asset Manager / Owner REO All Stars - http://reoallstars.com/ |
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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 Seattle Homes for Sale | Issaquah Homes for Sale | Renton Homes for Sale |
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