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Updated over 7 years ago on . Most recent reply

Faye Carroll's profile image
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Faye Carroll
  • Real Estate Investor
  • from Stafford, Virginia
  • Member since Oct 24, 2015
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Faye Carroll's profile image
Faye Carroll's profile image
Faye Carroll
  • Real Estate Investor
  • from Stafford, Virginia
  • Member since Oct 24, 2015
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Faye Carroll
  • Real Estate Investor
  • Stafford, VA
2
Votes |
12
Posts
Foreclosures

Bank Owned vs. Auctions- where are the better deals for SFHs?

Faye Carroll
  • Real Estate Investor
  • Stafford, VA
Posted

New to buying. What are your thoughts on REOs vs. Auctions?  Which one has better deals on SFHs generally?  Thank you!

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Ron S.'s profile image
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Ron S.
  • #3 Foreclosures Contributor
  • from Paradise, California
  • Member since Jan 15, 2015
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Ron S.'s profile image
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Ron S.
  • #3 Foreclosures Contributor
  • from Paradise, California
  • Member since Jan 15, 2015
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Ron S.#3 Foreclosures Contributor
  • Paradise, CA
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Ron S.#3 Foreclosures Contributor
  • Paradise, CA
Replied
Originally posted by @Patrick Martone:

Do you need to go through a broker for a REO property?

yes...no lender/bank is going to work directly with you unless they are that single branch local, community mom and pop bank that is two deals away from going into FDIC receivership.

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