Buying Foreclosure REO—the Ups and Downs of Doing That
REO stands for Real Estate Owned by Lender, and buying a foreclosure property owned by the bank or financial lender comes with a wide range of ups and downs. It presents a property that has been taken back by the lender through a foreclosure, and now, the title is under the lender’s name. The property can be either managed by the lender or one of the agents of the concerned bank. Buying a foreclosure REO property offers many advantages and…
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