Remove Due diligence Remove Inspection contingency Remove MLS Remove Real-estate owned
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13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

The home is now bank-owned (sometimes also called REO, or “real estate owned”). Ask your agent to find you bank-owned or REO homes on the MLS (multiple listing service) that meet your specifications. Make sure the offer includes any important contingencies, such as an inspection contingency.

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