All About Bank Owned/REO Foreclosures

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But on the flip side, the asking price of REO properties is higher than those in the pre-foreclosure stage

. So as an investor planning to put money in an REO property, the real question you should be asking yourself is whether the pains you'll forgo to purchase a property at this stage will be worth the price you pay for it.

All About Bank Owned/REO Foreclosures

By: Pamella Neely

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