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
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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
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Freddie Mac is chartered by Congress and does not actually lend money. Instead,
Freddie Mac buys mortgages from various mortgage lenders, sets lending criteria and
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There is a system to purchasing foreclosure real estate that can be broken down
into six basic steps. Following these steps will simplify a foreclosure real estate
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