1 4 Ways to make Banks Say "Yes" to Your REO Offer
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- How banks choose deals
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- How to figure out an offer

- 4 pointers when making an offer

It's not unusual for both brand-new and skilled investors to ask the exact same question: What is REO investing? You have actually probably heard the term REO residential or commercial property but never rather understood the procedure of acquiring such an offer, let alone just how much to offer on bank-owned residential or commercial property.

What Are REO Properties?

A bank-owned home is an REO, or realty owned foreclosure. REO residential or commercial properties are those that have actually been reclaimed by their original lender: the bank. This implies that a bank foreclosed a house, and the residential or commercial property was then unable to offer at auction, so it remained owned by the bank. Banks do not desire these unsuccessful mortgages on their records. To get them off of their hands, banks generally sell them at reduced prices. This is a terrific chance for financiers to get ahold of underestimated residential or commercial property, but not all REO residential or commercial properties are worth the investment. Don't feel overwhelmed