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Updated over 14 years ago on . Most recent reply

User Stats

131
Posts
8
Votes
Jack Srimani
  • Real Estate Investor
  • roscoe, IL
8
Votes |
131
Posts

Purchasing REO concern

Jack Srimani
  • Real Estate Investor
  • roscoe, IL
Posted

Hi,
I am in the process of buying a REO duplex. The condition of the house apparently is decent. However since I have no experience in buying REO I am wondering that after purchase I am not saddled with hidden expense that the previous owner failed to pay and the burden of that is being transferred to me as a result of purchase of REO. I would like some advise on this as to how to make sure that the kind of hidden costs I described are not there. That is my fear now. I appreciate any help. Thanks

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