LOOKING FOR FORCLOSURES OR REO PROPERTIES.
There are more and more forclosed & REO properties on the market. These are properties that the lender now owns because the owners could not make the payments. They are also called REO meaning Real Estate Owned. These properties can be bargains but not all the time. A lender will normaly try to sell the property for market value but if the property is in distress or has been for sale to a long period of time, they may accept any offer they consider to be reasonable. The buyer has to prove that they can perform the transaction to the lender and a good agent can help make that happen. Call us and we can put you on a list to receive these listings in the areas you are interested in.