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REO is an acronym for "Real Estate Owned," which indicates that the home has been foreclosed
upon and is currently on the market or soon will be. The foreclosure homes found on ForeclosureWatch.com have
been collected and assimilated from literally hundreds of REO warehouses from every state in the United
States, Puerto Rico, US Virgin Islands and Guam. ForeclosureWatch.com focuses on locally owned banks and some
of the largest providers of secondary mortgage money in the world.
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There are investing opportunities, but none are as lucrative as real estate
investment. Unlike the stock market, investing in real estate offers real
profit.
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Bank REO (real estate owned) properties are the most time consuming and most
complicated foreclosure homes to become involved in. Information on bank REOs is
rarely easy to obtain.
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The sale and purchase of a home is one of the most significant events that an
individual will experience in their lifetime.
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In 1999, many things changed with regard to the way HUD sold homes as HUD moved
toward the privatization of its effort to sell its inventory of foreclosure
homes.
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