How to do Short Sales Compared to Buying Bank Notes – The Differences
How to do Short Sales, Not so Easy!
How Bank REO Works
An REO is a “Real Estate Owned” property that has been through the foreclosure process, and has been purchased at the foreclosure auction by the lender. Often the lender is forced to take a property to the auction to eliminate or “extinguish” junior liens against the property, otherwise the lender would have to assume the responsibility off paying of these junior liens if the homeowner gave the lender a “Deed in Lieu of Foreclosure” and walked away.
The Basics of Foreclosure: The Process
Foreclosure Process The foreclosure process is lengthy and the time frames for when the lending institution begins the process vary. Real estate is county and state specific so foreclosure processes will definitely vary from state to state. Other factors may impact the process including the increasing availability of personal loans for owners facing foreclosure; present [...]