How to Buy a Foreclosed House or REO from a Bank

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How to Buy a Foreclosed House or REO from a Bank – This is a place for the community to provide tips and advice on How to Buy a Foreclosed House or REO from a Bank. This topic was created by Pamela Simmons and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Checklist for buying Bank Owned (REO) properties - Real Estate Guides

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Published: 9 years, 1 month(s) ago | Submitted by Patrick Scott | permalink

Before you go ahead and buy a bank-owned REO property, read this checklist. RealtyTrac gives you the tools you need to do your foreclosure property research.

For further reading: http://www.realtytrac.com/real-estate-guides/how-to-buy-foreclosures/bank-owned-homes/checklist/ ^[1]

Tip 2 - Bank-Owned Properties and REO (FAQs) - Real Estate Guides

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Published: 9 years, 1 month(s) ago | Submitted by Erica Zeidenberg | permalink

What exactly is an REO home? RealtyTrac will help you learn about finding and buying bank-owned REO homes.

For further reading: http://www.realtytrac.com/real-estate-guides/how-to-buy-foreclosures/bank-owned-homes/bank-owned-reo-property-faqs/ ^[2]

Tip 3 - Your Quick Guide to Buying Bank-Owned Foreclosures

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Published: 9 years, 1 month(s) ago | Submitted by Saodie | permalink

Your Quick Guide to Buying Bank-Owned Foreclosures

How to buy a foreclosures / REOs from the bank. Negotiating offers for bank owned homes. Difference between REO homes and short sales.

For further reading: http://homebuying.about.com/od/4closureshortsales/qt/120507_BuyREOs.htm ^[3]

Tip 4 - Buying a Bank Owned Property

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Published: 9 years, 1 month(s) ago | Submitted by Fernando da Silva | permalink

Interested in buying a foreclosure? Learn about all the different stages of the process, from pre-foreclosure to bank-owned properties.

For further reading: http://www.zillow.com/foreclosures/buyer/buying-a-bank-owned-property/ ^[4]

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Category: Fun | 9 years, 1 month(s) ago

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Contributors

Patrick Scott, Erica Zeidenberg, kvapl, Saodie, Fernando da Silva

References & Citations

1. http://www.realtytrac.com/real-estate-guides/how-to-buy-foreclosures/bank-owned-homes/checklist/

2. http://www.realtytrac.com/real-estate-guides/how-to-buy-foreclosures/bank-owned-homes/bank-owned-reo-property-faqs/

3. http://homebuying.about.com/od/4closureshortsales/qt/120507_BuyREOs.htm

4. http://www.zillow.com/foreclosures/buyer/buying-a-bank-owned-property/