A Foreclosure From A Bank — Buying

The Paradox of the Bank-Owned Home: Risks and Rewards of REO Purchasing

The primary driver for buying REOs is the potential for a below-market purchase price. Lenders are generally eager to sell to avoid the ongoing burdens of property taxes, maintenance, and insurance. buying a foreclosure from a bank

: Foreclosures often sell for 10% to 15% (or more) below market value. The Paradox of the Bank-Owned Home: Risks and