Building codes can seem onerous when all you want to do is get your Baltimore, Philadelphia or Washington, D.C., REO property off the market and into the hands of a buyer. However, it’s vital that you understand and respect these requirements, as they are a legal...
For most lenders who come into possession of real-estate-owned properties, their first and immediate goal is almost always to sell said properties fast. If you’re one of these property owners, obviously you want to get as much for the property as possible, while also...
When a bank ends up with an REO property on the books, their first concern is almost always to get it turned around and sold. Most banks and lenders are more than willing to work with property owners to avoid foreclosure and ownership of a property. This is because...
No bank or lender wants to end up owning a foreclosure property. Such properties require constant upkeep and most of them require a great deal of work to get them on the market and sold at a good price. Lenders are in the business of making money off of mortgage...
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