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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Comments 2 New Comment

Ambassador
781,022
Charlie Ragonesi
Homes - Big Canoe, Jasper, North Georgia Pros
AllMountainRealty.com

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

July 13, 2008 10:48 AM
Rainmaker
226,009
Mike Wong
Realtor, GRI
Keller Williams Realty Southwest

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.

 

July 13, 2008 11:07 AM
Rainmaker
103,237

Dawn Marie White

Broker-Office Manager
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Additional Information

As tech savvy real estate professional, skilled negotiator, mentor, coach and broker-sales manager for Crossroads Realty. Dawn Marie uses her experience, energy and enthusiasm to educate and motivate agents to reach for their highest level of success