We try to make a significant effort to market REO properties to low to moderate income homebuyers that were previously priced out of the market.  First Time home buyers that want to get the most value for their first investment should consider REOs as an affordable housing option and turn these losses into new beginnings. 

There are real benefits to buying an REO:

Affordability – Typically foreclosures are aggressively priced to sell. Banks are eager to sell them and will price them low to ensure a quick transaction;

More bargaining leverage – Banks usually want to sell REOs within 90 days of listing and are usually willing to negotiate with buyers;

Competitive pricing and today’s low interest rates often make an REO purchase more affordable than renting;

Buyers can purchase with 3%, If purchasing with FHA or VA loans, most banks are willing to pay reasonable closing cost;

Qualifying homebuyers can finance both the purchase of an REO and the cost of its rehabilitation through a single mortgage loan;

If you decide that an REO is for you, we’d love to help make your purchase a successful one.

Did you know . . . Home prices have been so inflated for nearly six years that many hardworking people have been priced right out of the market and unable to afford even a simple starter home. Because REO properties are priced competitively and interest rates are historically low, many first time home buyers are able to qualify for a mortgage and buy their 1^st home with an affordable payment . . . often lower than the rent they have been paying!