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2 result(s) displayed (1 - 2):

February 15, 2009

Bank Owned Properties

Bank owned properties refer to real estate which has been returned to the lender. Also referred to as real estate owned or REO, bank owned properties can consist of land, single dwelling homes, condominiums, apartment buildings, manufactured homes and commercial real estate.

Bank owned properties can be sold directly through the lender or a licensed realtor. Most REO property is priced under market value. In some cases, buyers can purchase bank owned real estate at savings of up to 40-percent. However, the average savings hovers between 10- and 15-percent

Real Estate Investing article on "Bank Owned Properties"

April 10, 2008

Distressed Properties: The Truth About Investing in Foreclosure and REO Houses

Distressed properties are a real estate investor's dream, but are they profitable as many people claim? According to experts, the answer is a resounding "Yes!" -- if you know the tricks of the trade.

Investing in distressed properties such as foreclosure and real estate owned (REO) houses can pave the way to profits. However, experts warn investing in these types of homes will not create overnight wealth. Instead, investing in foreclosed homes is better suited for investors who prefer slow and steady portfolio growth or those who engage in house flipping.

Real Estate Investing article on "Distressed Properties: The Truth About Investing in Foreclosure and REO Houses"