We are starting to see that Bank Owned properties (AKA: Real Estate Owned or REO) in our area are starting to sell more often, with minimal hassle, and at a great price! This seems to be the trend nationwide. Take a look at this graph from Countrywide REO data:
The reverse trend is occurring and REO properties for Countrywide are on a downward slope since January of this year.
If you'd like more information on how you might be able to capitalize on REO opportunities or Bank Owned Properties in Santa Clara or Bank Owned Properties in San Jose, give us a call!
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