Distressed Properties? I'm a Certified Short Sale and Foreclosure Resourse and can help, whether you need to sell your home for less than you owe on it, or are considering making an offer on a short sale or bank owned property.
Short sales: are properties where the bank or other lien holder agrees to take less than what is owned, in order to aviod a foreclosure. Buying short sales can require more time and patience, but can pay off in a below market price. Understanding the process and criteria that banks have for approving short sales can save a lot of time and trouble for both Buyers and Sellers
REO: Stands for Real Estate Owned, which is another name for bank owned properties. Banks generally sell these properties for a discounted price in order to get a relatively quick sale.