So you want to buy a bank owned home? One morning, while driving to work, you’re listening to the radio and all of a sudden a voice comes on that says, "Do the bank a "favor" and help yourself to a deal in the meantime." Your interests are peaked and you hold on to every [...]
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There are advantages and disadvantages when it comes to buying REO properties. One advantage of buying a REO property is most REO properties are below market value. The reason for this is REO properties are properties that are owned by the bank. Since the bank is liable for the taxes on the property they will [...]
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