Profits in Trashed Bank Owned Real Estate
Jul 31, 2010
a piece of the foreclosure market that is overlooked by most investors and that the profits in the trash bank’s own real estate. REO Bank Owned Home is An REO (Real Estate Owned) is a house that is the property of a lender after an unsuccessful foreclosure auction. The truth is that many foreclosure auctions produce no bids. Why not? Well, if it could be enough equity in the property to satisfy the loan, the owner probably have the property sold, and paid the mortgage loan. The home is