Tag Archives: Loans for Foreclosures

Making an offer on REO Properties

Most banks have a REO department that you’ll work with in buying a REO property from them.  Typically the REO department will use a listing agent to get their REO properties listed on the local MLS.  Before making your offer, you’ll want to contact either the listing agent or REO department at the bank and [...]

Buying Foreclosure Properties - Getting a Loan that Will Stick

Many foreclosure properties fall out of escrow because buyers do not have the capital to put in a “bank required” escrow account to resolve damages or costly fixes.