REO Foreclosures What to Be Concerned with...

By
Real Estate Agent with American Associates, Inc. Realtors

Foreclosured properties can be super bargains, but you need to know there are some pitfalls to look out for. First the contracts can be a challenge. Some banks have addendums that require the buyer to finalize the sale even if the property were to flood or even worse burn while waiting for the sale to close. Got any questions about foreclosure transactions, I represent Banks regularly with foreclosed REO properties, ask away!

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Topic:
Real Estate General Information
Location:
Michigan
Tags:
foreclosures bargains read your contract

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Randy Haney

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REO Madness