What is an REO?

I am frequently asked, “What is an REO and how can I buy a foreclosed home?  An REO is a home that the bank has taken through  the foreclosure process and has taken back into their possession.  Once the bank takes it back, then they eventually put it on the market to sell.  Most of our inventory this year has been foreclosed or REO property.  So, if you are looking to purchase an REO, I am here to help you.  Give me a call and I can give you more info on the process.  Let me know if this info was helpful.