Patty O'Brian Real Estate Blog

There are two apparently attractive options for buyers scoping out a deal. One type is the “short sale,” where sellers have made an agreement with their lender to sell the home for less than they still owe on the mortgage. The second type is the REO (bank-owned) home, which has fallen back into the hands [...]

As I watch the stats come in daily from our MLS  it is  apparent there are many buyers in the marketplace.   One of our companies had a bank foreclosure and in one day there were 13 appointments to show the property and 12 offers submitted I was told.  Yes, that property is under contract.  The [...]