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REO is an acronym for Real Estate Owned and is industry jargon for foreclosure property repossessed by banks or
Why should I buy a buy bank-owned REO?
One of the primary advantages of buying a bank-owned REO property is that investors are purchasing a property
without liens or other encumbrances. Before lenders make REO properties available for sale, they typically
expunge all liens or claims against the property. Any cloud on the title — a second or third mortgage, mechanics
liens, taxes or any other liens attached by creditors — are wiped out. Besides negotiating price, many buyers of
REO properties also negotiate favorable lending terms below existing market rates.
What are the advantages of buying bank-owned properties or REO homes?
For real estate investors and home buyers, bank-owned properties and REOs offer opportunities that are not
available in the pre-foreclosure and auction phase of the foreclosure process. Buying bank-owned real estate
offers the foreclosure buyer many advantages:
Buying bank-owned properties involves less risk and less competition.
Foreclosures that are owned by banks are usually clear of any liens that may have been recorded against the
property.
Bank-owned properties are usually vacant because the banks have evicted the previous owner, saving the investor
or home buyer time, money and emotional toll involved in the eviction process.
Selling REO or foreclosures has always been a niche market for Reactor's. With the downturn in the market, many
Realtors that have never completed a REO transaction are now trying to break into this area of real estate. Be
Careful!
BUY A FORECLOSURE TODAY. CALL ME AT 352-207-7412 for more information and a
list of foreclosed properties in Ocala - Marion County. I will have a buyer agent contact
you that can answer your questions and help you buy your dream home today.
Visit www.homepath.com for Bank Owned properties in your area.
Hompath.com offers buyer financing, great buyer incentives whether you are a first
time home owner, looking for that second home or an investment property.
Why should I buy a buy bank-owned REO?
One of the primary advantages of buying a bank-owned REO property is that investors are purchasing a property
without liens or other encumbrances. Before lenders make REO properties available for sale, they typically
expunge all liens or claims against the property. Any cloud on the title — a second or third mortgage, mechanics
liens, taxes or any other liens attached by creditors — are wiped out. Besides negotiating price, many buyers of
REO properties also negotiate favorable lending terms below existing market rates.
What are the advantages of buying bank-owned properties or REO homes?
For real estate investors and home buyers, bank-owned properties and REOs offer opportunities that are not
available in the pre-foreclosure and auction phase of the foreclosure process. Buying bank-owned real estate
offers the foreclosure buyer many advantages:
Buying bank-owned properties involves less risk and less competition.
Foreclosures that are owned by banks are usually clear of any liens that may have been recorded against the
property.
Bank-owned properties are usually vacant because the banks have evicted the previous owner, saving the investor
or home buyer time, money and emotional toll involved in the eviction process.
Selling REO or foreclosures has always been a niche market for Reactor's. With the downturn in the market, many
Realtors that have never completed a REO transaction are now trying to break into this area of real estate. Be
Careful!
BUY A FORECLOSURE TODAY. CALL ME AT 352-207-7412 for more information and a
list of foreclosed properties in Ocala - Marion County. I will have a buyer agent contact
you that can answer your questions and help you buy your dream home today.
Visit www.homepath.com for Bank Owned properties in your area.
Hompath.com offers buyer financing, great buyer incentives whether you are a first
time home owner, looking for that second home or an investment property.
| Hook & Ladder Realty Inc. |
Ocala Florida
| 352-207-7412 |
VIRGINIA WRIGHT
Broker Associate/ GRI, SFR
Broker Associate/ GRI, SFR