RED HOT BANK OWNED REO’s
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So what’s an REO?
REO stands for “Real Estate Owned”. These are NOT short-sales! You will not be waiting for weeks to get an answer about how you lost out to another bidder or the home was already foreclosed on.
We typically get answers within 24-48 hours from the time you put your offer in.
REO’s are available for sale directly from the bank or through the asset management company from the result of a defaulted mortgage or foreclosure and are priced to sell quickly.
Perfect for the Bargain Hunter!
These bank-owned homes typically represent an outstanding value and are perfect for the bargain hunter, handyman buyer (some are fix-ups) or investor.
Priced to Sell Quickly!
The bank is in the business of lending money - not in owning property. They want these homes gone quickly so they can free up the funds to do what they’re really in business to do...Lend Money.
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Martin, Martin & Mathews, P.L.L.C.