Real Estate Blog

REO, foreclosures and short sales appear to be currently flooding the real estate market. And many potential homebuyers may feel that they can get a great deal for these types of homes, as opposed to what some in the current market are calling “normal” sales.
But as David Welch tells us, this may not necessarily be [...]

Most have heard the terms: short sales, foreclosures, and REO, which are no doubt the buzz words of the real estate industry these days. They are the processes you hope you don’t have to go through as a homeowner. However, these are also the factors that are, in part, making this a buyer’s market.
What exactly are the differences between [...]

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What is the difference between an REO and a short sale?
 
 An REO means real estate owned, so that is a bank-owned property or a lender-owned property. An REO is actually a very solid real estate owned/banked owned property. It’s much easier to deal with.
A short [...]