A Real Estate Owned (REO) property is one that went into foreclosure but didn’t sell at auction, reverting to the lender. Before listing an REO for sale, the lender must clear occupants and liens on the property. These properties may remain under lender ownership if there’s little buyer interest or the home needs repairs. Buyers can often find REOs at a discount, but the process may differ from traditional sales, especially in negotiations and financing.
Oscar Combs Realtor will work with lenders, mortgage companies and banks to be their listing agent and sell REO properties in Houston, Texas.
Choosing Oscar Combs Realtor
For lenders seeking a listing agent for REO properties, Oscar Combs Realtor can provide the services that you need.