In the real estate industry, “REO” is short for “real estate owned” property.  An REO is a bank owned property, likely that property is a foreclosure.  This situation is an ideal situation for realtors and real estate agencies to work directly with the banks to secure the best arrangement possible for their clients. 
Investing in a [...]

The housing crisis is affecting every socio-economic class, and it’s no different in Fort Lauderdale real estate.  In an effort to stem foreclosures, and under much pressure from U.S. lawmakers and regulators, the Hope Now coalition, backed by the Bush administration, has deemed that lenders need to accommodate borrowers interested in selling their properties for [...]