What Is an REO Property, and How to Buy One?
Point2Homes
JUNE 23, 2021
Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. Ideally, you should hire a company to run a full title search before closing to avoid unpleasant surprises.
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