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Updated about 16 years ago on . Most recent reply

Steve Borgman's profile image
Steve Borgman's profile image
Steve Borgman
  • Real Estate Investor
  • from Des Plaines, Illinois
  • Member since Oct 4, 2008
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Steve Borgman's profile image
Steve Borgman's profile image
Steve Borgman
  • Real Estate Investor
  • from Des Plaines, Illinois
  • Member since Oct 4, 2008
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Steve Borgman
  • Real Estate Investor
  • Des Plaines, IL
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Foreclosures

REO Questions

Steve Borgman
  • Real Estate Investor
  • Des Plaines, IL
Posted

I'm breaking into the field of REO's, so could use some advice on this topic. Here are some of my questions:

I do not want to the funds to submit earnest money as per the realtor request. If I find a buyer, can I have the buyer put some money in as earnest money? How do I phrase this to the buyer.

It seems like the REO properties I am finding are not significantly lower than the comps in the area. Don't I want it to be at least 50 cents on the dollar?

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