How To Buy A Lender REO Foreclosure
April 17th, 2010 | by admin |
Welcome to How to buy a Foreclosure video series.
In this video series I explain One of Five ways to buy REO’s. REO’s are Real Estate properties owned by a Lender. Why would a lender take a loss and work with you to buy a property under market value? Because lenders are not in the rental property or property owning business. If a lender has a large backlog of unsold foreclosures. Such as new homes, unfinished homes, condos or even apartments. That lender is losing money very fast. If the market is slow they can foresee big losses. This creates an opportunity to save big and buy below market value.
Duration : 0:4:50
[youtube 3uK0wSXYCtQ]
4 Responses to “How To Buy A Lender REO Foreclosure”
By WalterElArgentino on Apr 17, 2010 | Reply
why do you think …
why do you think it’s worthless??
By catttaylor on Apr 17, 2010 | Reply
Do you know anyone …
Do you know anyone who has done this recently, or at all? It’s an interesting idea, but does it really work?
By Beingreal40 on Apr 17, 2010 | Reply
worth less
worth less
By OutburstRecordsInc on Apr 17, 2010 | Reply
Great advice
Great advice