REO Bank Owned Foreclosure Information
REO Bank Owned Foreclosure Information
Purchasing a bank owned property (Real Estate Owned or REO) requires preparation and knowledge about the foreclosure, asset management and resale process. Banks don't always follow state law or negotiate in a traditional manor. It's important to understand the difference.
Read the Coldwell Banker Foreclosure Acknowledgement form for more details. updated 4/20/11
5 Key points in the acknowledgement covers:
- Ownership Status
- Contract Issues
- Property Condition Issues
- Title Issues
- Legal Advice
