How much does the bank have invested in a REO

How much does the bank have invested in a REO

Investor · Bellefonte, PA · Member since 2008 · 1k+ posts · 88 votes

A REO when researched at the recorder of deeds shows a price of $5000. How much does the bank have invested in the property? There's the $5k they paid at the sheriffs sale, and how much in other expenses would they have invested in the property.

Thanks,

-Michael

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  • Scottsdale, AZ · Member since 2008 · 342 posts · 15 votes
    18y

    Monthly holding costs (months recieving no payments), Back taxes, trash-out/misc. preperation expenses.

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