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Cityfeet Resources
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An REO property
(Real Estate
Owned) is
one where
the lender
(bank) has
assumed
full control,
either after
a full foreclosure
or prior
to an auction.
The benefit
of buying
an REO property
is that
you will
not be liable
for any
liens or
debts, however
you'll usually
pay closer
to market
value than
you would
at an
auction
or through
pre-foreclosure.
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Click Here to Search Auctions/Foreclosures Listings
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