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My favorite escrow company- Glenoaks Escrow, posted this article in their blog. Bank Owned homes, also known as Foreclosures and REO are a significant minority of transactions in today’s market. These transactions are different from normal sales and it is important to understand the pitfalls! The following article outlines just one such pitfall- make [...]
My good friend and fellow blogger wrote a compassionate post about foreclosures that didn’t have to happen. It is well written and I won’t try to recreate the wheel, click here to read her post. She was telling of her personal experiences in meeting with a homeowner who decided not to sell because she had to get “more than [...]
I have heard buyer after buyer cite the coming tsunami of foreclosures as a good reason to hold off on buying a home. Heck, I’ve even said that the foreclosures are “out there”, though I thought they would show up in a loooooong steady stream. Out in the Twitterverse, however, I came across an interesting [...]