Search REO Properties

Mike S asked:


I have found some houses that are currently bank owned (I assume a REO). I have found these through a site that lists pre-foreclosures, foreclosed houses up for auctions, and bank owned properties…
But it won’t list the address, or anything about when the auctions are, and I have no idea who to contact if I am interested in this house without paying for the service. Are these records listed for free anywhere? Can I go to the cityhall of the city the house is in? Do I have to go to each bank to find it out?

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dlowe_2008 asked:


I am doing a project on real estate foreclosures. An important question for me, is the motivation for lenders to NOT take back foreclosure as REO, but to sell prior. One reason would be the requirement that that a bank must have X number of times of the asset value (home value) in reserves and out of its lending budget. Is this true and if so, how much is the X?

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Jeremy G asked:


I have a few friends /investors , that I am trying to help them invest there investments in bulk REO properties in packages but we keep getting the run around with other brokers going thru somebody that is going thru someone else. How do I get in with the banks sellers agent myself?

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BlackDahlia asked:


I’ve been looking up foreclosures at the county office to buy a foreclosure (the ones about to be auctioned). Someone said I should be looking at REO foreclosures. What’s the difference, and how do I buy one and or get info on these?

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Deion H asked:


I am currently researching this company. I need the answer pronto. I have a house I am dealing with house and the owner is Consumer Solutions Reo Llc. Please help.

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Accelor8 asked:


I am looking to purchase a home but would like to save some cash. I thought a REO would be the way to go but having a hard time finding a concrete list for my city and state, especially the kind that includes all of the banks. Going from website to website is a pain.

Kansieo.com

Amy H asked:


So I found a great REO priced below market. It was bid on after being on the market only a week. It fell out of escrow because the buyers got cold feet. Now it’s up for sale again, and according to the listing agent he has several full-priced offers. How do I know if this agent is blowing smoke or not? Is there a formula for how much under you can bid on an REO? Is there any way of knowing how much that original bid was for?

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S P asked:


House is listed for $204K. The house needs some work done to it, very obvious from looking at it(exterior and interior). How low can you make an offer considering it needs work done to it and is being sold “as is”? Home is in a nice area definitely not up to par as others in the area. Do you think offering 170,000-175,000 is too low of an offer?

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Timothy asked:


I’ve figured out that just calling the banks 1-800 numbers don’t work. How do i find contact numbers for these people? I’d love to put togther a portfolio purchase asap.

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rxygrc06 asked:


I’m looking to buy an investment property in Atl, GA but don’t know what is the difference between a REO and a HUD home. Can anyone tell me if they are the same or if one is better than the other?

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