Looking For A Good Deal On A House: Bank REO’s Can Be Quite The Steal – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack on December 29, 2010

in Buyers, Latest News

One reason is that bank-owned sales transactions can be more complicated, in part because the sale terms must be approved by the lender or the lender’s attorneys. Another reason it is difficult dealing with bank-owned properties is that some lenders are in offices far away from where the loss-mitigation department is struggling to process the listings. And with layoffs occurring within the industry, banks are even more understaffed than before.

via atomstack.com for the complete article

Great article…now the only problem is getting your offer accepted over the other aggresive buyers out there fighting for the same home! Good luck…

Posted on Irvine Orange County Real Estate Market News

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Post by Robert Mack

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