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Updated about 1 year ago on . Most recent reply

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Carol Lam
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Buying REO properties

Carol Lam
Posted
Can I buy REO property directly from a bank?  If the bank has taken the property as REO, then all the loans would have been forgiven, correct?  The title would also have been cleared.  Do I just call the REO department and make an offer?

Thank you for your information.

Carol

Most Popular Reply

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19
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7
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Carol Lam
7
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19
Posts
Carol Lam
Replied
Thank you for the reply.

I live in Bay Area.  After Powell said he will pencil in 3 rate cuts, the housing market started the craze again (Bay Area heavily tied to stock market).  Is it true direct sale from banks is not likely in a hot market?  

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