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How To Buy A Lender REO Foreclosure

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Uploaded by on Oct 12, 2007

Welcome to How to buy a Foreclosure video series.
In this video series I explain One of Five ways to buy REO's. REO's are Real Estate properties owned by a Lender. Why would a lender take a loss and work with you to buy a property under market value? Because lenders are not in the rental property or property owning business. If a lender has a large backlog of unsold foreclosures. Such as new homes, unfinished homes, condos or even apartments. That lender is losing money very fast. If the market is slow they can foresee big losses. This creates an opportunity to save big and buy below market value.

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  • why do you think it's worthless??

  • Do you know anyone who has done this recently, or at all? It's an interesting idea, but does it really work?

  • worth less

  • Great advice

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