Welcome to How to buy a Foreclosure video series. In this video series I explain One of Five ways to buy REO’s. REO’s are Real Estate properties owned by a Lender. Why would a lender take a loss and work with you to buy a property under market value? Because lenders are not in the rental property or property owning business. If a lender has a large backlog of unsold foreclosures. Such as new homes, unfinished homes, condos or even apartments. That lender is losing money very fast. If the …
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Great advice
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Do you know anyone who has done this recently, or at all? It’s an interesting idea, but does it really work?
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