Bank Owned Properties

By
Real Estate Agent with Crossroads Realty Inc

Bank owned REO (Real Estate Owned) properties is where the market is right now, Every Buyer we have spoken to is buying or looking for a bank owned foreclosed property. If you are not working with a Bank, I suggest you make some calls and get a hold of their REO list of homes available. If you don't know who to call a great way will be to look at the settlement sheet (HUD1) of some of your past closings and call the Lender on the sheet, ask for their REO Dept., a great way to build a relationship with the Lender.

 Its a very unique market right now, Buyers are out there looking for the right deal, take advantage of it make the call !  

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Ambassador
791,524
Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

I am sorry to say you are right. I am sorrier to say it took me longer than it should to jump on this wagon

Jul 13, 2008 10:48 AM #1
Rainmaker
244,353
Mike Wong
Keller Williams Realty Southwest - Sugar Land, TX
Realtor, GRI, Project Manager

REO properties are a hot market right now, many investors and agents are jumping in on the trend. Unfortunately its a local market, some REO properties are not always the best deals and consumers should consult with thier local Realtors before making a decision.

 

Jul 13, 2008 11:07 AM #2
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Rainmaker
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Dawn Marie White

Broker-Office Manager
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