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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

So how can you develop that skill that makes the pros so confident — and drives major return on investment? So find out who is listing the current REOs and work on developing a relationship with this person or company.”. Go to your county’s office and ask for the pre-foreclosure list ,” he says.

Banks 105
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Planned unit development (PUD). Pre-approval. Foreclosure.