Remove Due diligence Remove Inspection contingency Remove Real-estate owned Remove Renovation
article thumbnail

13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

The home is now bank-owned (sometimes also called REO, or “real estate owned”). Bank-owned homes may not be the best-staged or the most recently renovated. Make sure the offer includes any important contingencies, such as an inspection contingency. Step 9: Order an inspection.

Banks 82