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REOs
19K Posts | 2.3K Discussions
Joshua Dorkin
Joshua Dorkin | Jan 9 2021, 21:56
BiggerPockets Founder
Twenty Tips for Making Offers on Freddie Mac REO Properties
I wanted to share a great post with everyone from the BiggerPockets blog by Winston Westbrook, which details how to increase the odds your Freddie Mac / Home Steps REO offers will be accepted. Check it out and be sure... View more
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Sponsored
Joaquin Camarasa name
Joaquin Camarasa
Camarasa Realtor
Two househacks completed and one BRRR. I help new investors find their first househack and experienced investors with rentals, flips and BRRR. Feel free to contact for a free buyer... Take the next step
REOs
Carmen Garza
Carmen Garza | Jan 23 2021, 14:23
Hack Detached Garage To Make It A Rental?
Is it ok to turn a detached 2-car garage into an efficiency apartment? I'll be adding a bathroom and kitchen. Will it cost too much to add the plumbing and electrical? This is my primary residence (no HOA) and I live... View more
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Jeanette Bondy
Jeanette Bondy | Jan 22 2021, 19:57
REO SPECIALIST WITH 15 YRS EXPERIENCE RELOCATING TO ORLANDO
Experienced in FHA, VA, USDA and ALT-A REO sales as well as Direct Sales, too. Familiar with all aspects of REO marketing from eviction to settlement statement.
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James Tolson
James Tolson | Jan 14 2021, 13:51
New to Real Estate
7 year vacant bank owned home
Hey everyone, I've paying more attention to houses and neighborhoods near me. I've noticed a couple vacant houses nearby so I decided to look them up through the county. There's one that was foreclosed and the title... View more
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Mark S.
Mark S. | Jan 3 2021, 09:28
Rental Property Investor
preREO - First Mortgage Secured by Vacant Property
As an investor in a couple of Jorge Newberry’s note funds, I came across one of his newer ventures: preREO. I’ve heard him speak briefly about this on a podcast or two and am signed up to attend a webinar with them... View more
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Luke DeLaVergne
Luke DeLaVergne | Dec 29 2020, 07:17
Rental Property Investor
Buying 1st mortgage on preforeclosure
Happy holidays, all. I'm looking at a property in which I can buy the 1st mortgage on a home in the foreclosure process (not yet REO). The 1st mortgage would cost me around $16k, while the remaining total debt is... View more
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Ahmed Nijim
Ahmed Nijim | Dec 22 2020, 12:32
Flipper/Rehabber
Auction.com cancelled my bid
I have won the bid on a property At auction.com the bid amount was 93000 and the reserved was met , I got the property under contact for 93000 I wired the title company the deposit which is 5% and after one month of... View more
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Adrian Pillow
Adrian Pillow | Dec 17 2020, 15:26
General Contractor
Lets see those completed deals!
I know a lot of people claiming big profits from REOs... Let see 'em! Initial asking price versus actual sales price and then your sales price. Wholesale, flip, whatever exit you used. Thanks!
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Edward Eloma
Edward Eloma | Dec 14 2020, 00:00
Rental Property Investor
Reserve not met on auction.com
Has anyone actually won a bid on auction.com?And if so did you hit the reserve price? And also does it notify you if you have reached the reserve price??
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Peter Zoltowski
Peter Zoltowski | Nov 12 2020, 18:09
Accountant
Bank owned property for sale, former homeowner won’t leave
I came across a REO property for sale in a Delaware. It's priced at about half of what similar homes sell for in the neighborhood. The problem is apparently the former homeowner is still occupying the home and has no... View more
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Larry Nordberg
Larry Nordberg | Nov 5 2020, 14:00
Fees charged byline management
Anyone doing business with company ?
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Lucas Elam
Lucas Elam | Oct 29 2020, 11:09
Disclosure Laws on Foreclosures
Im a newbie and looking for my first investment property. This is in Virginia. I’m looking at a foreclosed property and noticed it said in the listing disclosures exempt. Is this true that they are not required to... View more
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Jesse DeArmon
Jesse DeArmon | Oct 26 2020, 16:25
How To Purchase An REO Property
How Do I Purchase An REO Property When the Bank Doesn't Know They Own It?I'll start by saying I've always wanted to purchase a foreclosure but never really had the guts or understanding.  But I think I've found the one... View more
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Keith R Henry
Keith R Henry | Oct 25 2020, 18:01
Buying an REO with Conventional Loan
So I would like to buy an REO foreclosure and have a convential loan. The house must be liveable to qualify for the loan. It will at least need finish floors and kitchen appliances. The only way I can think of to make... View more
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Cecilia Cave
Cecilia Cave | Oct 20 2020, 23:04
Tips on buying foreclosures
Hi there, we are a newbie investor who currently own one property and waiting to close on our second one. Our target is SFH in our local area in Haughton/Bossier Louisiana. We had issues with closing a deal because the... View more
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Andrew Uyghur
Andrew Uyghur | Oct 17 2020, 11:28
Auction.com Property Listed as Vacant but there is full of staff
I have just won an auction.com investment property in Maryland listed as vacant but seems there are a lot of furniture in in. I drove by a few weeks ago and saw an eviction notice envelope taped on the door. Went by... View more
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Cornelius Moye
Cornelius Moye | Oct 14 2020, 16:12
Correction Officer
Buying REO Properties With Hard Money
Is it possible to purchase a REO property from the bank with hard money
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Phil Z.
Phil Z. | Oct 13 2020, 12:36
Real Estate Broker
Wells Fargo REO now accepting eSignatures
Effective October 9, 2020, in addition to allowing wet signatures on purchase contracts and addendums, Wells Fargo will begin accepting electronic signatures on these documents as long as they are in accordance with... View more
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Lemuel Ayudtud
Lemuel Ayudtud | Oct 2 2020, 13:25
How do you access REOs and buy them?
I'm looking at PropStream and I see REO properties with sale prices under 10K. How does one access these properties and actually buy them? And do they actually sell for the prices listed?
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Leslie Crosten
Leslie Crosten | Sep 29 2020, 11:18
Federal Tax Lien on Auction Property
I am looking at purchasing a house via online auction. It states the seller will "pay delinquent property taxes and any delinquent HOA assessments in accordance with the applicable Purchase Sale Agreement." It also had... View more
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Stephen Rowe
Stephen Rowe | Sep 23 2020, 19:57
REO Sale Due Diligence
 Hi all, I am at the beginning of a deal and found a strange piece of information.  The deal is a single family 3/2 that is partially renovated and the seller is an REO. The plot is 17000sqft with a large 1000sqft... View more
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Mary M.
Mary M. | Sep 22 2020, 21:14
Real Estate Investor
Fannie Mae-1 year ownership requirement
Hello Everyone! I am placing a offer on a Fannie Mae REO, offering a 5 day close and all paying all cash. Has anyone come across the stipulation of investors having to wait 14 days until our offers will be reviewed,... View more
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Tremaine Jeffries
Tremaine Jeffries | Sep 21 2020, 06:13
Is it smart to use hard money to get REOs then refinance ?
I'm a virgin to this RE business. I have been reading about strategies on how to get RE with low to no money. I see the best deals are Foreclosures. Has anyone tried using hard money to fund auction acquired property?... View more
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Chum Struve
Chum Struve | Sep 18 2020, 05:44
Anyone use auction.com to buy properties?
Property valued at $115k worse case and hope to buy at $16k and it’s occupied.
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Joseph Legnard
Joseph Legnard | Sep 11 2020, 13:41
Commercial Real Estate Broker
Auction.com
The following is an account of my recent “Newbie” experience with Auction.com. After reading the info posted on the forum about Auction.com, there seems to be some mystery in some minds, including mine, surrounding the... View more
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Related Resources REOs
5 Reasons To Wait To Negotiate Until After the Home Inspection
Top 5 Tips for a Smooth and Stress-Free Home Sale
7 Ways to Get Your Offer Accepted in a Hot Market
4 Ways COVID-19 Has Changed Being a Real Estate Agent
How To Walk Through an Investment Property Like a Pro
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
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Link Real Estate Listings

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