![]() It’s pretty obvious why some investors/homebuyers might be interested in real estate owned properties. When ownership is transferred to the lender, the property reaches REO status and is officially real estate owned.įoreclosures aren’t fun for anyone involved, but there is a bright side to everything smart real estate investors just need to know how to act on this potential opportunity. Sometimes the property doesn’t sell to a third-party or the lender ends up being the highest bidder (banks can credit bid as high as the total outstanding loan balance plus foreclosure fees). ![]()
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