The REO Guide: 10 Steps to Buying a Bank-Owned Home
PennyMac
DECEMBER 22, 2020
Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., Step 6: Make an Offer.
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