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REO equals Bank Owned
REO = Bank Owned Property What is REO? REO is simply a bank owned property. (why not call it a bop?) REO stands for “Real Estate Owned”. A property will go to auction when foreclosed, if it isn’t sold at the auction or goes back to the Mortgagee then it becomes what we call an [...]
How’s the Real Estate Market?
How’s The Real Estate Market? I decided to start a blog about real estate. I get a lot of questions from buyers, friends & family about real estate but the most common question is: How’s the real estate market? Well, that depends on what part of the market your referring to. Alot of agents have [...]
An overview of rehabilitation loans
An overview of rehabilitation loans Rehabilitation loans or rehab loans are exclusively meant for the real estate investors so as to purchase homes which are in needof repairs. These loans are specifically aimed at rebuilding, restoring or to improve the structure of the house. Rehab loans are also taken outto repair the damages caused to the [...]
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