by Leila Mortaz | May 18, 2013 | Home Buyer Tips, REOs
Bank Owned (REO) properties are the assets that banks are unable to sell for cash at the Foreclosure Auction which causes them to take possession and secure them for marketing them to retail buyers. For starters you are NOT negotiating with the bank directly and...
by Leila Mortaz | May 17, 2013 | Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
California is one of the State where the bank do NOT need to take the home owners to court to re-posses their home. This is also called a non-judicial foreclosure. So, if you have NOT made any payments on your property for the past 2 years and you are wondering how...
by Leila Mortaz | Oct 5, 2009 | Real Estate (Residential), REOs, Residential Mortgage, Short Sale Expert Advice
Is Recession really over?Just in case you were wondering how hot the real estate market is in San Jose, we just received a Cash offer for $320,000 on one of our Bank-Owned (REO) properties that we just listed 3 hours ago for $275,500. I know Goldman Sachs and other...
