Archive for October, 2009
Reos vs Short Sales
REO’s vs Short Sales. I ask myself this all the time. The answer is go for them all. However the differences are not as apparent as ithey may seem. There are pros and cons to both.
While REO’s are almost straight forward there may still be the auction or bidding factor. Just because the home is listed for sale, doesn’t mean you can just submit an offer and you have a contract. This may be true a lot of times, but more often than not the banks will stall and hold an in-house auction or bidding war. This gets frustrating. Although I have found a few Realtors that provide a first come first serve service. These are the Realtor to follow.
Short-Sales are even more frustrating.