REO Tag

03 Jun Patience Is Key for a Successful REO Escrow

Posted at 06:00h in Escrow

In a previous post, the nuts-and-bolts differences between REO (Real Estate Owned) escrows and standard escrows were discussed. This post is designed to highlight a significant psychological difference that can help you and your clients successfully navigate the REO terrain: patience. For a number...

20 May Per Diem: Two Little Words that Can Impact a Buyer in an REO Sale

Posted at 06:00h in Escrow

Buyer’s of a “bank owned” property, or REO sale as they are often referred to, may come across some verbiage in the Banks Addendum to the Real Estate Purchase Contract that catches their eye: Per Diem Penalty. Escrow Officers are often asked, what does...

06 May What is the Foreclosure Process? Escrow Explains.

Posted at 06:00h in Escrow

With the increased amount of foreclosures on the market today, escrow officers are often asked about the foreclosure process. The first thing to know is the foreclosure terminology, which we discussed in a prior post. What is important for homebuyers and sellers to understand is...

01 Apr REO Overview: When the Bank Is the Owner, Escrow Is Impacted

Posted at 06:00h in Escrow

Recent headlines have proclaimed that California's foreclosure crisis is a long way from over. First time home buyers, predicted to make up 55% of the market in 2010, are looking at REO's as an affordable way to get into the market. That makes REO or...

REO Tag

03 Jun Patience Is Key for a Successful REO Escrow

20 May Per Diem: Two Little Words that Can Impact a Buyer in an REO Sale

06 May What is the Foreclosure Process? Escrow Explains.

01 Apr REO Overview: When the Bank Is the Owner, Escrow Is Impacted

SUBSCRIBE TO OUR BLOG