Ten Questions Buyers Might Ask before Buying Bank-Owned Property ...
In most cases, although not all, the REO is now owned by a bank, finance investment group, or other financial institution. The lender may not wish to continue owning the property, as it may be costly and may tie up the lender's assets. REO lenders may be strongly motivated to sell, and may offer bargain prices well below those of comparable ... ................
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