Looking for a Broker in Exton, PA?
October 7, 2008 by Kayleigh
REO (real estate owned) homes or properties, are often seen by qualified borrowers as good investment and purchase opportunities. REO properties are properties that the bank or lender has acquired as a result of the non-sale of the property at the conclusion of the foreclosure process.
Lenders generally offer REO properties for sale on an “AS IS” basis, and no warranties on the property are expressed or implied; furthermore, the lender will not provide a seller’s disclosure statement, because they are not able to make a judgment as to the manner of care or maintenance that the REO property had received while under the control of the previous owner. The REO properties are listed for sale through a real estate broker retained by the lender, and all offers pass through the broker first.
Bob Murray - Associate Broker
RE/MAX Professional Realty Office (610) 363-8444
557 West Uwchlan Avenue
Exton, PA 19341
Phone: 610-363-4037
Fax: 610-363-4043
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