REO BENEFITS

PRICING

REO or “Foreclosure” properties tend to be more desirable on the open due to aggressive pricing.  This can also be a detriment since aggressively priced properties draw the most attention and can lead to multiple offers – driving up the prices and not making them as competitive.

AVAILABILITY

Major lenders employ companies called asset managers to handle the day to day maintenence and offers made on their properties.  This makes the properties more available and decisions can be made on purchase offers within minutes and hours vs. weeks and months with a short sale.