REO SALES AND SHORT SALES

 

Buying a Real Estate Owned Property (REO) and Property offered on Short Sale can be a frustrating and time consuming process that has its risks and rewards. Clearly, the reward is the ability to purchase a property at what might be perceived to be a discount from actual fair market value. The risks associated can be many, including property deficiencies, contractual disputes, unable to obtain financing and closing on a timely manner which may cause additional cost for per diem and fighting to a return of a homebuyer’s earnest money deposit in a timely manner. For more information about available REO properties and the process on REO Sales and Short Sales please contact Daughlet Ordinario at Daughlet@realtyservicecenter.com