Sentences with phrase «owned after a foreclosure»

Currently there are less than 20 % of all of the houses in this country in some form of foreclosure or bank owned after a foreclosure has taken place.

If you're a buyer you can look for listings that are in pre-foreclosure and bid on them, or wait until the property becomes Real Estate Owned after the foreclosure auction and make your offer then.

Not exact matches

He paid off a deficiency after his own New Jersey house went through foreclosure 11 years ago.

REO stands for «Real Estate Owned» and describes a property which is currently owned by a bank after the property failed to sell at a foreclosure aucOwned» and describes a property which is currently owned by a bank after the property failed to sell at a foreclosure aucowned by a bank after the property failed to sell at a foreclosure auction.

Reo Specialists or Real Estate Owned Specialists are real estate experts working with properties owned by a lender after an unsuccessful sale at a foreclosure aucOwned Specialists are real estate experts working with properties owned by a lender after an unsuccessful sale at a foreclosure aucowned by a lender after an unsuccessful sale at a foreclosure auction.

Other factors that can influence a bank's decision include the liability risk it assumes by owning the property after foreclosures, the money tied up during the holding period for a foreclosure and REO resale, additional costs associated with an REO such as attorneys» fees, and the additional reserves it will need if REOs rise in the bank's portfolio.

The investment market for REO, which stands for real estate - owned properties (i.e. owned by the bank, typically after a foreclosure), really heated up in 2011.

Six years in, thousands of homeowners are finding themselves legally liable for houses they didn't know they still owned after banks decided it wasn't worth their while to complete foreclosures on them.

My research suggests that most Turkey companies buy some junky foreclosure for pennies in a B -(or worse) neighborhood, do a poor quality rehab project (because hey, after all, it only has to look good to the out - of - state buyer, who'll likely never know that the drywall is from China and is spewing fumes, along with the cheap laminate which offgases enough formaldehyde to start your own chemical factory...) and THEN the Turkey co. says, wow - all I have to do is price this over retail and promise easy returns, and some out of state buyer will fall for it.