REO Broker Services
Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan.
This foreclosure process allows opportunities for finding bargains on:
Short sales - where market value of the property is lower than the outstanding mortgage and homeowners are in default.
Bank-owned (REO) - where the lender has taken ownership of the property, either through an agreement with the owner or at public auction. The lender will then typically resell the property to recover part of the unpaid loan amount and mitigate their losses.
We know how to guide buyers through the often complicated process of finding and closing on short sales and REOs. Experience the advantages of working with an "EXECUTIVE".
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