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Updated about 1 year ago on . Most recent reply

Carol Lam's profile image
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Carol Lam
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Carol Lam's profile image
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Carol Lam
  • Member since Apr 6, 2023
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Carol Lam
7
Votes |
19
Posts
Buying & Selling Real Estate

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
San Jose, California
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Carol Lam
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Carol Lam's profile image
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Carol Lam
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Carol Lam
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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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