What is an REO Flush Value in Real Estate Investing?
At the height of adversity there is always opportunity and the REO (bank owned property’s) market offers just such opportunities. Homeowners that are upside down but not yet in foreclosure are fast closing in on the 20,000,000 mark. Despite what statistics are being bantered around versus a year ago, foreclosures are on the rise
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What is an REO Flush Value in Real Estate Investing?
Mastering the Short Sale
As you hone your bird dog skills there is the good chance that you will get good at finding properties in foreclosure with little or no equity, which means that, the seller owes more than the property is worth.
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Mastering the Short Sale
Mastering the Short Sale
As you hone your bird dog skills there is the good chance that you will get good at finding properties in foreclosure with little or no equity, which means that, the seller owes more than the property is worth. This is called being upside down and it is a very unfortunate situation but not at all uncommon in the current economic condition.
See the original post:
Mastering the Short Sale