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How to Find Foreclosures

25

Mar
2013
Posted By : David Slabon 0 Comment

How to Find ForeclosuresWhen investing in real estate for a flip, knowing how to find a foreclosure property is critical to making big profits.

Quick scenario…

The owner is behind on their mortgage and the lender is threatening to take back the house.

What is REO Property?

18

Mar
2013
Posted By : David Slabon 0 Comment

what is REO propertiesIf you’re new to real estate investing you’re probably wondering… What is REO property?

REO property is also know as Real Estate Owned Property.

These are foreclosed homes taken back by the bank.

The great thing about REO properties is that they’re usually in need of repairs, and can be acquired for less than market value.