Buy Foreclosed Homes » lender http://www.petorka.com Homes for Pennies Tue, 07 Sep 2010 08:07:06 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 How To Buy A Lender REO Foreclosure http://www.petorka.com/buy-foreclosed-homes/how-to-buy-a-lender-reo-foreclosure http://www.petorka.com/buy-foreclosed-homes/how-to-buy-a-lender-reo-foreclosure#comments Sat, 16 Jan 2010 19:20:59 +0000 admin http://www.petorka.com/buying-foreclosed/how-to-buy-a-lender-reo-foreclosure Welcome to How to buy a Foreclosure video series.
In this video series I explain One of Five ways to buy REO’s. REO’s are Real Estate properties owned by a Lender. Why would a lender take a loss and work with you to buy a property under market value? Because lenders are not in the rental property or property owning business. If a lender has a large backlog of unsold foreclosures. Such as new homes, unfinished homes, condos or even apartments. That lender is losing money very fast. If the market is slow they can foresee big losses. This creates an opportunity to save big and buy below market value.

Duration : 0:4:50



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