REO Articles
Once the bank or lender forecloses on a real estate, then it becomes “Real Estate Owned” or REO. Some lenders have relationships with realtors to exclusively sell their REOs. Realtors would do a keyword search for “REO” or “foreclosure” in the MLS to get REO listings in their area. Some lenders work with Auctions sites to sell their inventory in bulk. Here are the 6 best REO auction websites. Some private lenders list their REOs on listing sites like 7 day listings.
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