Palm Beach Foreclosure and REO SPECIALIST IN SOUTH FLORIDA BPO

Buying bank owned properties
There is a lot of interest in buying bank owned properties these days. A lot of information, some good and some bad, is floating around about the subject. Often the information offered is for sale, with the promise that you can make a lot of money with little effort once you know “the secret formula”. The fact is that there are no secrets, and to make money does require effort.

What’s an REO?
REO stands for “Real Estate Owned”. These are properties that have gone through foreclosure and are now owned by the bank or mortgage company. This is not the same as a property up for foreclosure auction. When buying a property during a foreclosure sale, you must pay at least the loan balance plus any interest and other fees accumulated during the foreclosure process. You must also be prepared to pay with cash in hand. And on top of all that, you’ll receive the property 100% “as is”. That could include existing liens and even current occupants that need to be evicted. A REO, by contrast, is a much “cleaner” and attractive transaction. The REO property did not find a buyer during foreclosure auction. The bank now owns it.

AREAS WE SERVE:

Counties, Cities and Zip Codes Served
Palm Beach County, Cities And Zip Codes
West Palm Beach, North Palm Beach, Palm Beach Gardens, Palm Beach Shores, Royal Palm Beach, Boynton Beach, Boca Raton, Delray Beach, Delray Shores, Lake Worth, Lake Park, Jupiter, Hobe Sound, Pahokee, South Bay, Riviera Beach, Wellington, Lantana, Hypoluxo, Highland Beach, Juno Beach, Greenacres, Ocean Ridge, Singer Island, Tequesta, Briny Breezes, Gulfstream, Loxahatchee, Palm Springs, Atlantis, Auburndale, Belle Glade, Lake Clark Shores, Canal Point, Haverhill, Jupiter Inlet Colony
33401, 33402, 33403, 33404, 33405, 33406, 33407, 33408, 33409, 33410, 33411, 33412, 33413, 33414, 33415, 33416, 33417, 33418, 33419, 33420, 33421, 33422, 33424, 33425, 33426, 33427, 33428, 33429, 33430, 33431, 33432, 33433, 33434, 33435, 33436, 33437, 33438, 33439, 33441, 33442, 33443, 33444, 33445, 33446, 33447, 33448, 33454, 33458, 33459, 33460, 33461, 33462, 33463, 33464, 33465, 33466, 33467, 33468, 33469, 33470, 33474, 33475, 33476, 33477, 33478, 33480, 33481, 33482, 33483, 33484, 33486, 33487, 33488, 33493, 33496, 33497, 33498, 33499, 33823

* MOL = More or Less

HOME MAX REALTY IS A MULTILINGUAL REAL ESTATE COMPANY

WE SPEAK ENGLISH, SPANISH, ITALIAN, FINNISH, SWEDISH AND RUSSIAN LANGUAGES

DISCLAIMER:
The data relating to all properties for sale or lease on the Home Max Realty website comes in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate Broker participates. The homes displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Homes for sale that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS. The Detailed listing page about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Home Max Realty is an equal housing opportunity real estate broker serving South Florida area. By accessing this page you are agreeing to our terms of use.