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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation. Step 5: Get an Appraisal on Your Ideal Property. During the appraisal, a licensed appraiser will take inventory of major systems (i.e.,