Closing costs Hard money loan Investor Real-estate owned 
HomeLight
AUGUST 31, 2021
Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Bank-owned/REO sale. If a home doesn’t sell at auction, the bank will formally take ownership of the house and list it as a real-estate owned property.
HomeLight
MARCH 10, 2023
If you are considering flipping houses in NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. Dylan Wise , a single-family home expert, brings more than 10 years of experience to his work and has closed more than 200 transactions from his base of operations in Camillus, New York.
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