Tag Archives: lenders

REO properties: “As Is” Contract???

COULD THE NATURE OF REO DEALS BE CHANGING? REO property is Real Estate Owned property.  The term REO is used to describe properties that are taken back by a foreclosing  lender  if a third party does not buy the property … Continue reading

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Faster Short sales?

Will Proposed Short Sales Legislation Help Expedite Process? By Keith Loria RISMEDIA, October 4, 2010—New legislation was offered in Congress by U.S. Reps. Robert Andrews (D-NJ) and Tom Rooney (R-FL) in September that would require lenders to respond to consumer … Continue reading

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