Articles
What’s the difference between foreclosure homes and Real Estate Owned (REO) homes?
Simply put, a home goes into foreclosure when the home owner can’t pay the mortgage lender back for the home loan. When this happens, the lender attempts to sell the home in a foreclosure auction.
During the auction, the minimum bid must include the amount of the outstanding loan, the accrued interest, attorney fees, and any [...]
REO Homes – Great for College Students and Apartment Dwellers
REO and Foreclosures make great homes for college students, apartment dwellers and first time home buyers
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