So you want to get in the Bulk REO business, right?
You’ve seen the seminars, the infomercials, the webinars and it seems like you can’t lose. Then why is it so hard to find the deals they all talk about?
The truth is, it’s not really that hard. But with so many people in the “game” that are attempting to grab a piece of the pie, it does seem to be more complicated than it should be.
REO means “Real Estate Owned”. Years ago, we called them bank repos, or bank repossessions. A homeowner did not pay their mortgage, and after a lengthy foreclosure process, is evicted and the home is placed for auction, short sale, or a combination of these processes.
Click Here to Read: Real Estate Flipping Mistakes to Avoid...
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment