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Managing a property yourself can be tough. You have to keep it maintained and keep your tenants happy, if you have any. Problems pile up quickly, as there’s always something going wrong with a property. Like cars, properties always have something that needs fixing....read more
When you own a home, you’re personally invested in keeping that property in the best shape. Not only does it lead to a more pleasant lifestyle for you, but it increases the property’s value should you decide to sell. Without that personal investment though, it can be...read more
It’s easy to neglect an REO property. You’re not living there, so keeping it in shape doesn’t offer any immediate benefit, but it is essential nevertheless. REO or real estate owned properties are typically the result of foreclosures meaning the previous owners likely...read more
Even as the real estate market continues to bounce back and excel, there are far too many bank-owned properties on the rosters of lenders and agencies all over the nation. These companies never wanted to be property owners, but were forced to foreclose on mortgages or...read more
Preserving an REO property is essential to making sure that the property doesn’t turn into a fatal drain on your finances. Since no bank wants to end up owning and selling properties, it’s important to get that property off your rolls as soon as you can. The problem...read more
When you’re saddled with a bank-owned or REO property, it can quickly turn into a nightmare. You never wanted to own the home to begin with—you loaned money to a borrower in good faith that they’d pay it, and they failed to live up to their end of the bargain. This...read more
It’s a basic fact that almost no bank or lender wants to take possession of a property. They’re in the business of helping people buy properties, not owning them. When a bank has to foreclose on a mortgage or otherwise take possession of a home, they’re stuck with the...read more
Even as the real estate market stabilizes and continues to improve, there are still a ton of vacant properties sitting empty in cities across the nation. Too many of these are bank-owned or REO properties. Such properties present a great deal of risk to the companies...read more
Keeping your ROE property in proper shape during the winter months requires regular attention and care. When someone is occupied, these things occur naturally by virtue of the people living there. When no one is inside, however, you need to manage it properly to...read more
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