Why Buy An REO Property?An REO Property is real estate owned by the bank, and many investors consider an REO Property to be money just waiting to happen. An REO Property is different from a foreclosure property in that an REO Property, bank has already tried to sell it at a foreclosure auction and has had no luck getting bids. Because the REO Property was not bid on, the bank then became the owner of the REO Property. Naturally, the bank does not want to keep the REO Property any longer than possible, and this REO Property makes it a great opportunity for an investor. Not every REO Property is a good deal, but when you look at an REO Property you’ll commonly find that there is a lot of money to be made.
Stephen Johnson
888-328-7880
REO Investor
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