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Jones S
Junior Member
Joined: 17 Jul 2009
Posts: 6
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 Posted: Fri Jul 17, 2009 10:48 pm Post subject: REO or Pre-Foreclosure? |
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Most investors, feel that buying an REO (an acronym for real estate owned) is a cleaner deal. Typically you are assured of good title to the property including title insurance. That means that usually you don’t have to worry about the old borrower/owner coming back trying to claim the property under some sort of extended equity of redemption, old taxes or liens that were unpaid, or even old owners or tenants who refuse to move out.
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chinnu
Junior Member
Joined: 29 Sep 2009
Posts: 3
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| Posted: Tue Sep 29, 2009 8:17 pm Post subject: |
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I agree with "old man", these days, a realtor should find foreclosures and REO in the multiple listing service (MLS) for you. You won't find pre-foreclosures there, but you might find short-sales.
That's where we find our properties that we wholesale to investors. We've found dozens and dozens of deals like this |
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