Bargains in REOs
Tuesday, April 1st, 2008REOs are the most popular of the bargain opportunities in real estate. Here you might get a property for 5 to 50 percent off market value. Yet, they are usually considered a safer and easier way to buy real estate than purchasing either directly from the seller before a foreclosure auction or at the auction itself.
Buying an REO means getting it right from the lender. You usually get clear title and perhaps even title insurance. You may get a property that’s been refurbished. And if you’re careful, you can get one that’s way below market price.
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