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This market is unique, and in many ways different than a normal real estate transaction. An REO is a property that has been returned to its investor after the former borrower has defaulted and has been officially foreclosed on their home. Turn around times and offer negotiations and acceptance can require patience on the part of the buyer and more info on what to expect in these types of transactions can be downloaded from the side bar on the left.

REO's in many ways symbolize a rebirth or 2nd chance for the asset and for the new potential owner. Much like the mythological Phoenix, rising from the ashes to be reborn, these REO's are competing for the demand of today's most serious buyers.

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