Posts tagged as:

REO

Foreclosure Pitfalls – Buying Bank Owned Properties Part II

by Ted Mackel on March 23, 2009

Foreclosure Pitfalls – Buying Banked Owned Properties Part II
The following photos really illustrate how tricky the foreclosure market can be.  The damage in this property pretty much eliminates 75% of all qualified buyers as only very particular financing is available for this type of property.   What I could not capture in the photos is that this [...]

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Top 3 REO-Forclosure Purchasing Pitfalls (Simi Valley Real Estate)

by Ted Mackel on March 12, 2009

Top 3 REO-Forclosure Purchasing Pitfalls (Simi Valley Real Estate)
I am going to focus several blog posts on REO purchases. The Simi Valley Real Estate market is experiencing more than half of it’s sales with distressed homes; a good portion of these being REO or otherwise known as foreclosures.
1. Getting caught up in the [...]

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12 Tips To Make Your REO Offer More Attractive (Bank Owned Homes)

by Ted Mackel on October 22, 2008

12 Tips To Make Your REO Offer More Attractive (Bank Owned Homes)

Currently I represent a local Southern California Bank with their REO (Bank Owned) properties in Simi Valley, Moorpark, Camarillo, the Conejo Valley and West San Fernando Valley.  I have also represented buyers on other bank owned homes.  Below are 12 tips to help move [...]

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What is REO?

by Ted Mackel on May 7, 2008

What is REO? Here’s one for the longtail and a sort of WIKI entry to my BLOG!!!
In any business it is hard not to slip into the industry vernacular and forget that our audience may not really be following. REO is an acronym for Real Estate Owned. Here in Simi Valley and Moorpark an REO [...]

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