What is a Reo property and how does it differ from other properties?

A Reo stands for "Real estate owned" the properties are owned by banks, government entities or corportions. They may be from foreclosures or tax default and frequently need rehab work (fixer). I receive a list of pre-foreclosures bi-monthly. Most of these do not go to foreclosure,however, if they do you may have the opportunity to bid on them at auction. If you decide to attempt this contact an expert first!!! Lack of information and preperation could cost you multi-thousands!!! For more info contact me.