REO - Stands for “Real Estate Owned” by the Bank.
These are properties that are owned by banks that were taken back by foreclosure. After the foreclosure sale, the bank has to process the property to put in on the market. These properties are usually sold “AS IS”. The property should be inspected by an professional inspector. The bank gives no guarantees as to the condition of these properties. Nevertheless, a buyer can find some very good buys, if you are willing to work.
We can set you up with email so that you can receive REO properties the first day that they are posted on the Mulptle Listing System.
FOR A FREE REPORT THAT OUTLINES THE BENEFITS OF BUYING REOS., EMAIL US.
RIDDLE REALTY
810 Emerald Street, Suite 109
San Diego, California 92109
Office Phone: (858) 272-1958