REO is Real Estate Owned. 最近REO市场比较热。好地DEAL 也不少,但是要“快‘才行。好的DEAL两, 三天就PENDING.
为了能拿到好的DEAL , 出offer 时要注意bank 一般都付什么, 不付什么。
From my experience, most REO seller will NOT pay for
1. Termit Repairs
2. Repairs
3. Home Warranties
And, most REO Seller Pays
1.Harzard Report
2.Passed due HOA, Unpaid taxes and other assessments
买REO的好处是Title一定clean. 买主不付liens.