Comments on: Benefits of Buying a Bank Owned Property (REO) http://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: RW Spurlockhttp://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-93029 RW Spurlock Sat, 19 Mar 2011 22:47:17 +0000 http://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-93029 Thank you for allowing me to post this comment on your site. If you visit my site and post a comment I will approve it thereby providing a linkback to your site from mine.On this occasion my opinion is that the banks should be stopped from enjoying the remedy at law foreclosure. They, the banks are the cause of the problem, they knew what they were doing, they knew that these jumbo loans they were granting were going to go south and they knew that the federal government would bail them out with tax money to some extent provided by those being foreclosed against. I for one think the entire matter stinks of home cookin’. Thank you for allowing me to post this comment on your site. If you visit my site and post a comment I will approve it thereby providing a linkback to your site from mine.

On this occasion my opinion is that the banks should be stopped from enjoying the remedy at law foreclosure. They, the banks are the cause of the problem, they knew what they were doing, they knew that these jumbo loans they were granting were going to go south and they knew that the federal government would bail them out with tax money to some extent provided by those being foreclosed against. I for one think the entire matter stinks of home cookin’.

]]> By: Anniehttp://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-67394 Annie Wed, 05 Aug 2009 03:44:14 +0000 http://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-67394 In most cases, the bank that owns a foreclosed home only requires a portion of the outstanding balance to reconcile the debt on a mortgage loan. This means that bank owned homes are generally available at up to half off the real market value of the property. In most cases, the bank that owns a foreclosed home only requires a portion of the outstanding balance to reconcile the debt on a mortgage loan. This means that bank owned homes are generally available at up to half off the real market value of the property.

]]> By: Real Estate Resourcehttp://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-58636 Real Estate Resource Thu, 24 Jul 2008 02:28:06 +0000 http://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-58636 Excellent post. Yes those are the advantages in buying a REO properties. In REO you can avail the benefits of low property prices, low down payments and interest rates.-Jan Excellent post. Yes those are the advantages in buying a REO properties. In REO you can avail the benefits of low property prices, low down payments and interest rates.

-Jan

]]> By: Clifton Papehttp://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-56874 Clifton Pape Sat, 17 May 2008 21:28:19 +0000 http://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-56874 Great informative post! This will be a growing section of the market place over the next several years. Investors need to take note of it and start doing thier research today so that they are ready. What a timely article! Great informative post! This will be a growing section of the market place over the next several years. Investors need to take note of it and start doing thier research today so that they are ready. What a timely article!

]]> By: REO Propertieshttp://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-56739 REO Properties Sun, 11 May 2008 02:15:31 +0000 http://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-56739 This site may be of interest to some of you. If it has not changed, it has some information on REO property.http://www.reohud.orgHappy Investing This site may be of interest to some of you.
If it has not changed, it has some information on REO property.

http://www.reohud.org

Happy Investing

]]> By: taylorhttp://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-56525 taylor Sat, 03 May 2008 19:03:12 +0000 http://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-56525 Great information, you have to be careful with reo's, the bank sells them in as is condition, but you can realy get a good deal.http://www.agentbrokerforum.com Great information, you have to be careful with reo’s, the bank sells them in as is condition, but you can realy get a good deal.

http://www.agentbrokerforum.com

]]> By: Rob Lawrencehttp://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-55792 Rob Lawrence Sat, 05 Apr 2008 22:48:25 +0000 http://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-55792 Bank owned properties are one way to go, but don't forget about FSBO's and even turn downs on hard money deals. These properties are on the market too and oftentimes you can nab 1 at a great price below market. Anyway, that's just my 2 cents. Warm Regards, Rob Lawrence Bank owned properties are one way to go, but don’t forget about FSBO’s and even turn downs on hard money deals. These properties are on the market too and oftentimes you can nab 1 at a great price below market. Anyway, that’s just my 2 cents.
Warm Regards,
Rob Lawrence

]]> By: Clinthttp://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-55744 Clint Fri, 04 Apr 2008 00:36:36 +0000 http://www.biggerpockets.com/renewsblog/2008/04/03/benefits-of-buying-a-bank-owned-property-reo/#comment-55744 Nice article, I didn't know that REO's were sold in a bundle like that. I haven't looked for one myself, but I thought they could be bought very easily by individuals, guess I was wrong. Nice article, I didn’t know that REO’s were sold in a bundle like that. I haven’t looked for one myself, but I thought they could be bought very easily by individuals, guess I was wrong.

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