Sacramento Short Sales; The New REO?
[caption id="attachment_2114" align="aligncenter" width="300" caption="Short Sale Help "][/caption] Sacramento Short Sale Specialist Reports Sacramento Short Sales Increase! As the Sacramento area real estate market continues to increase in volume and gain momentum, buyers entering the market for the first time may be in for some surprises. One of the significant changes is the ratio of short sales to bank owned properties, (REO). Why is that? What will it mean to buyer? Before we explore that; let's make sure we understand the difference... An REO or bank owned or lender owned transaction occurs when a property is listed by a bank, lender or asset manager AFTER the property has gone through foreclosure. The Listing agent is hired by the bank/lender after the lender has...
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