by keithwatts
June 15, 2011
Banked Owned Homes
In the seventies there was a terrible horror movie called “The Swarm” with Michael Cain. If you haven’t seen it you’ve got to look it up. Henry Fonda had a bit role and the entire premise was a swarm of Bees terrorizing the land. I saw it when I was five and maybe its fate …
Read the full article →
by
May 31, 2011
Banked Owned Homes
The term comes from Real Estate Owned by banks. An REO is simply a bank owned property. Bank take backs vary from state to state depending on whether or not the region requires a “Judicial” or “Non-Judicial” foreclosure but in California the process occurs in the following ways:
Step 1-Payments are not made.
There are countless reasons why payments …
Read the full article →