How Does Buying A Foreclosure Work? Take Our Hand, We’ll Walk You Through It
HomeLight
SEPTEMBER 30, 2021
REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. Finally, a third way to buy a foreclosure is through a real-estate owned, or REO, listing. Make sure to get a good inspection, and know what you’re getting yourself into!
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