pontefractrealestate.com

David Pontefract, Broker
A+, MCP, MCSA, Net +

What is an REO?

REO stands for Real Estate Owned  properties.  These properties have been foreclosed upon and are currently for sale by a bank, mortgage company or other company.

REO properties can be found in many neighborhoods and in various price ranges.  They may be suited to homeowners or investors depending on your specific needs.

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REO properties are sold in "as is" condition.  Many are in need of maintenance and updating.  Some are unique fixer-uppers.