Tag Archives: real estate owned

In today’s housing market, there are many bank owned homes available that are well worth the bargain price tag. Not only are homes being sold for less, but mortgage rates are at historic lows. Getting an interest rate near 4% has never happened in the history of mortgage lending! Although there is some risk associated with purchasing an REO (Real Estate Owned by a bank due to a foreclosure), the bank is trying to cut their losses and unload as many homes as possible – which makes it a buyer’s […]