The REO Guide: 10 Steps to Buying a Bank-Owned Home
PennyMac
DECEMBER 22, 2020
Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. The lender initiates legal proceedings against the borrower to foreclose on the property. Foreclosure. Step 4: Refine Your List of Lender-Owned Properties.
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