Articles tagged with: Buying Forclosures
What’s an REO
An REO is a property that was foreclosed on by a lender and that the successful bidder of the mortgage foreclosure auction was the lender. Said another way, the lender now owns the property that they had lent money on.
These lenders have these REOs on their books and they need to get [...]
5 Tips before Investing your IRA in House Foreclosures:
The greatest benefit of a self-directed retirement account is that you can choose an expanded list of investments. Since 1974, you can invest directly into Real Estate and real estate by-products, i.e.: mortgages, options, leases and more. You can also buy [...]
REOs are properties that have been foreclosed on by the lender and the properties are now owned by the lender. The lender doesn’t want these houses and in some cases they don’t want to take them off their books because of cash reserve issues. You see, banks are able to lend [...]
