REO Homes
Posted by Lulu on July 27, 2007 at 08:10:01:
I am looking into REO homes and am a first time home buyer. The real estate agent I am working with isn't particularly supportive of this route and didn't provide a whole lot of information. I understand the foreclosure process but have a lot of questions when it comes to buying an REO property. My understanding is that the title should be clear when it gets to this point but the house is still sold in a "as in" condition. Does anyone know where there's general information about buying REO homes and things that need to be considered? When buying an REO home are you are just outright buying it from the bank or previous lender and not picking up the previous persons loan correct?
Follow Ups:
- Re: REO Homes - Henry_CA 08:46:00 07/29/07
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- Re: REO Homes - Kellym 15:47:32 07/27/07
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- Re: REO Homes - steele in minnesota 12:41:00 07/30/07
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