REO's are North County foreclosures that a bank has taken back into its inventory through the foreclosure process. San Diego North County REO listings are usually priced very aggressively. Since they are priced aggressively, there may be many offers on the property. Buyers should plan on paying close to listing price or above if there are multiple offers.
There are many advantages to buying San Diego North County REO's (foreclosures). Since it is owned by one bank, the bank can usually make a quick decision once an offer is made. This is in contrast to a short sale, where many times two lenders are involved.
Gary Harmon knows how to help you save money when you purchase a San Diego North County REO listing.
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