The REO Guide: 10 Steps to Buying a Bank-Owned Home
PennyMac
DECEMBER 22, 2020
Banks are also more likely to present a counter offer because they must demonstrate they tried to get the best possible price for the property. If you are expected to do so yourself, hire a title company to run a full, insured title search before closing the deal. Contact the lender to see if the title has been cleared.
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