Monday, November 30, 2009

REO & Short Sale Facts for buyers


Today's buyers seem to have one thing in common: Everyone wants a great deal. So the real issue is whether the foreclosure, REO or short-sale property you're eyeing is a bargain or a money pit.
The buying public seems to think that "great deal" equals foreclosure, short sale or bank-owned property. The truth is that these properties may appear to be bargains, but in many cases you could be buying someone else's problems. If you're looking for a bargain property, here are some key issues to consider:

CLICK BELOW TO READ FULL ARTICLE:

REOs, short sales aren't always bargains

Some find quality, convenience take back seat to price

BY BERNICE ROSS, MONDAY, NOVEMBER 30, 2009.

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