This article discusses the differences between foreclosure auction properties and REO properties, including the pros and cons of each. These are important considerations when deciding what type of property to buy. How a Real Estate Owned (REO) Property is Created Two things can happen to a home that cause it to become an REO property: … Read more
For those who are wondering whether wholesale houses are better than REO properties, then this post is must-read for you. In this post, we’ll help you evaluate both options so that you can make an informed investment decision. Wholesale Houses vs. REO Properties—How are They Different? Wholesale houses are distressed or undervalued properties owned by … Read more
Flipping REOs can be a very profitable endeavor. The key is knowing the process and the ways to do it effectively. What are REOs? REOs (Real Estate Owned) are properties owned (or “taken back”) by a lender after the sale at a foreclosure auction did not succeed. Lenders that have REOs include banks, government loan … Read more