REO | Bank-Owned | Foreclosure Property
Referred to in many different ways, the properties you will find here have changed ownership due to a foreclosure, and are now owned by a bank or asset management company. The condition of these homes varies greatly - some will need a good amount of TLC, while others may be move-in ready.
When a foreclosure is sold in "as-is" condition, this means that it may require repairs or renovations after closing. A real estate agent experienced in foreclosure sales can be very valuable when you are evaluating the property's condition, and determining what it will take to get the home up to standard. Their knowledge of market values and understanding of the foreclosure process can help ensure you can take advantage of this additional buying option with confidence.
Real estate agents familiar with selling foreclosures have specific expertise in the foreclosure market, including knowledge of procedures, legalities, and market values associated with these properties. After working with different foreclosure sellers since opening our doors, we are well-versed in the preferences and requirements of each.
Working with a foreclosure-experienced agent can help you feel confident you are receiving guidance through the complex foreclosure process, assistance with negotiations and legalities, and access to resources which can help facilitate a successful transaction.
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- speciallistingcondition: Real Estate Owned, Reo (real Estate Owned), Bank Repo
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