The Homes Direct Blog

REO Occupied - What is REO Foreclosure

If you happen to be a budget-conscious first-time home buyer or a novice real estate investor seeking a favorable deal, you might come across properties labeled as REO that are available at comparatively affordable prices despite possessing similar dimensions and attributes as others. However, before determining if this opportunity aligns with your objectives, let's embark on this article by exploring the fundamental query: "What Is A Real Estate-Owned Property?"

Let’s delve into the process by which properties acquire this status, weigh the advantages and disadvantages of purchasing REO properties, and finally, outline the steps involved in acquiring one!

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