Banking Failures & Their Impact On the Housing Market - Part 2 - The REO Dilemma
Eppraisal
APRIL 25, 2023
Meanwhile, property taxes are the lender's responsibility. Do REO requirements, home value thresholds or any other criteria for sale and purchase change when a bank collapses? A successor bank is obliged to honor the contracts the failed bank entered into. What Happens to REOs when a Bank Fails?
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