Archive for February 8th, 2009

REO Foreclosure:Why Are They A Good Deal?

Sunday, February 8th, 2009

Image by TheTruthAbout… via Flickr

You may have heard the term reo foreclosure but weren’t quite sure how it was different from any other type of foreclosure.  Well  REO stands for Real Estate Owned, or to be even clearer,  real estate owned by the bank.
Normally when a buyer fails to pay the mortgage on their home [...]

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