UCONN Home Bank Owned Properties
 
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Buying a home with other debts held against it means that you will become responsible for those debts upon purchase. If the inspection shows _anything_ substantial, revise the offer to reflect the real cost of the defect. I’ve been doing research for our company using the REO sites listed on Mortgage News Daily. The advanced search features help to focus search and discover the perfect investments for you, whether it be bank owned properties or one of the many other property types that LoopNet offers.

Buying and selling a home is one of the biggest events in your life. Also known as REO (real estate owned) homes, bank owned properties are properties that have come under bank control due to a foreclosure, that the bank is now trying to sell. Factor in any costs associated with the property, such as repairs or upkeep, and let the bank know that you're aware of the value of these costs.

Finally, the time has come where your family has outgrown your current house. They can be fantastic deals, but it's important to make sure you have the information necessary to identify the best deals, and deals that are just ok, and even the deals that are downright bad.

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