Real Estate Owned or a REO property provides the best option to purchase real estate properties lower to their market price. Banks are the owner of the REO property. Owners making a late payment or having a default in their mortgage loanreceives a notice
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Like frightening creatures in a wild jungle, there are foreclosures, short sales and REOs that reign the jungle of real estate industry in the U.S. which would make you exclaim with anxiety, “oh, my god!” Yes, when talking about distressed homes for sale,
Continue reading >>People who have decided to buy a foreclosure are excited with the idea of buying a house at a very low price. Cheap foreclosures have been a hit in the real estate market and almost everybody wants a piece of it. However, while it is true that foreclosure
Continue reading >>A short sale is always an option with bank foreclosure homes before the home ends up at the auction. When a home is in the process of defaulting the bank will work with a home owner to do what they can to get their money on the home
Continue reading >>Since the sale price is “short” of the full debt amount in a short sale, the difference between the total debt and the sale price is the “deficiency.”
Continue reading >>The fear of homes in foreclosure is always present in the mind of every house owner in the United States, who has taken home loan to fulfill that long-standing aspiration of owning a house. However, this dream may soon turn sour if one falls behind on the
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