Investors

view current
Real Estate Investments instantly.


Get an email or an
RSS Feed sent to you automatically.


Email Subscription


Delivered by FeedBurner

RSS Subscription

  • What's RSS?
  • How do I subscribe?

Sign up for RSS   Sign up!


 

1 result(s) displayed (1 - 1):

February 27, 2008

Does REO really mean Real Estate Owned? Bank realestate owned properties are hot prospects.

REO is the latest buzz word in today's real estate industry. REO stands for Real Estate Owned; meaning the property is owned by the bank. Before property reverts to the bank, an attempt must be made to sell it through a real estate foreclosure auction. This is an important fact to keep in mind.

Many people think REO properties are dirt cheap, but this is rarely the case. Realize that foreclosure homes have no equity and an inflated mortgage. In other words, more money is owed on the note than the house is worth. This is the main reason they don't sell at auction.

Real Estate Investing article on "Does REO really mean Real Estate Owned? Bank realestate owned properties are hot prospects."