Updated about 7 years ago on . Most recent reply
Bank owned vs foreclosure
When you are looking on auction.com could someone clarify the difference between bank owned and foreclosure.
Most Popular Reply
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,510
- Votes |
- 23,418
- Posts
Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Bank owned-REO typically sold with clear title and title insurance.
Foreclosure auction-crap shoot, buyer beware, as far as clear title and liens.