Thursday, September 20, 2007

Bank Owned Properties

rowofhouses Or what is commonly called REOs.  That stands for Real Estate Owned. 

The other day I gave you the link to Countrywide REO listings

Now here's a couple other banks.

One caveat that bears repeating; The Listing Agent has a fiduciary responsibility to the Seller in all real estate transactions.  

What this means in plain english is that they are going to do the best for the Seller  - not you, the Buyer.  You should be represented by a professional real estate agent who is very familiar in the process of buying a REO.  The Buyers Agent has a fiduciary responsibility to you, that's a good thing!

 

activemike   

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