You can use our website to search foreclosures and contact us to set up a time to take a look or have us research some info for you. We are members of RealtyTrac which is the leading provider of foreclosure information. The most common type of foreclosure property you'll encounter in your home search is a Real Estate Owned, or REO, property. REOs are properties that have been foreclosed and are now owned by the bank.
REOs may be vacant or in need of repair. But often they look and feel just like other homes for sale, and they're listed by a real estate agent. Although they're typically sold as-is, it's not uncommon for an REO to be in move-in condition. But the process of buying an REO is different than other home purchases. An REO property is one that's been foreclosed on and is now owned by the bank.
REO properties fall into two categories:
Move-in condition: The home is in acceptable condition and not in need of rehabilitation. You could buy this property and move in quickly. Damaged: A damaged REO generally needs repairs and rehabilitation before you can move in. These types of REOs are attractive to investors and some buyers who aren't daunted by the work involved in rehabbing a property. Often, you will get a bigger discount on damaged REO properties, but you have to consider refurbishing costs. Where can you find REOs for sale? I have an extensive list of websites and subscriptions to find and learn about foreclosures and REO's.
Just contact us. Oddly enough, it isn't as easy as you think to spot and buy an REO. Most banks and other mortgage institutions do a poor job of marketing these properties.
Pros of buying REOs:
• Often, you'll pay a below-market price for the property.
• The process is similar to a "normal" home purchase in that you can secure financing using a traditional mortgage. (Buying an REO property is nothing like buying a foreclosure property at auction with cash.)
• You'll be able to do inspections and secure financing before completing the purchase.
Cons of buying REOs:
• Many banks will require an "as-is" purchase, and if there are problems or necessary repairs, paying for them is your responsibility.
• The process can take longer than a regular home sale.
Gary's is newly owned by Rabab, and sure to keep your taste buds coming back for more. The menu still features classic American comfort food, as well as some of Rabab's Mediterranean favorites. This comfortable, yet classy restaurant is perfect for date night, or family night. Gary's features their ever popular "pizza night" on Thursdays and Fridays, which is always amazing, and their "pasta night" on Wednesdays, which is sure to keep you full all night!
All Pets has always gone above and beyond for our pets, providing amazing customer service, and pet service for years. Dr. Roti has always been so informative, and kind to us and our pets whenever our pets have had any illnesses, and even emergency care needed in the middle of the night. Their staff really loves each animal that walks into the door, and they put you at ease when you need to leave your pet over night. All Pets has state of the art diagnostic equipment, making them by far the best veterinarian clinic in the area. We wouldn't trust our pets with anyone else!
Wild Child, which features stylish clothing, accessories and awesome toys for children and newborns, is all about quality clothing and toys. Wild Child is the "go to" store for people with all budgets, and offers styles that cannot be found anywhere else, and strives to offer unique apparel and toys that are fun, functional and educational.
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