commit df0833cce522b606467305be64e5e9778981c5c1 Author: tahliaennor762 Date: Wed Aug 20 01:42:44 2025 +0800 Add 'Things Buyer should Know Purchasing REO Foreclosed Property' diff --git a/Things-Buyer-should-Know-Purchasing-REO-Foreclosed-Property.md b/Things-Buyer-should-Know-Purchasing-REO-Foreclosed-Property.md new file mode 100644 index 0000000..5ce3a37 --- /dev/null +++ b/Things-Buyer-should-Know-Purchasing-REO-Foreclosed-Property.md @@ -0,0 +1,5 @@ +
Disclaimer: Not all items specified here should negatively impact your decision to purchase an [REO property](https://negomboproperty.lk) nor applicable for all banks. Each foreclosure sale is different and requires a lot of details to be handled when buying a foreclosed (REO) property. Consult with your real estate agent and/or your real estate attorney for questions regarding purchasing a foreclosed property.
[apartmentfinder.com](https://www.apartmentfinder.com/Illinois/Chicago-Apartments) +
DIFFERENCES:
[trulia.com](https://www.trulia.com/for_rent/Chicago,IL/) +
In most parts, purchasing a foreclosed (REO) property and the process of offering, [counter-offering](https://avitotanger.com) and negotiations will be somehow different than regular (non-foreclosed) sales. There are many lender’s specific rules and requirements that require purchaser to follow.
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Please note that following is a summary list of differences that I have collected during my years of experiences in real estate and I believe the REO purchasers must be aware of them. This list should be used as an educational and for informational purposes only and may not be complete.
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