Question on researching and preparing an offer for an REO purchase.
Firstly, REO is a property that the bank has foreclosed on and now owns, and the bank wants to sell it off. The bank then contracts with a real estate broker/ agency to put the property back on the market and sell it.
I've read posts about dealing "directly" with the bank in an REO purchase..and this is the area I'd like to know more about...
So When researching / or preparing an offer for an REO purchase, does the buyer try to deal "directly" with the bank, or does buyer deal ONLY with the real estate agent handling the
REO for the bank - or is it essentially the same thing.
Thank's everyone for all the good advice,
and sharing of experiences + information !