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there is a better source for homes then REO's....
Homes being sold by CORPORATE RELOCATION companies like Cartus, prudential, & a handful of smaller companies.
RELO properties have several advantages. The relo companies are eating carrying costs while the property is on the market, so they are extremely motivated sellers. They are happy to take a 20% loss just to stop the bleeding on a shop worn property. The previous owners did not tear up the house, unlike many foreclosures. Relo companies also clear up title issues before reselling the home, so you wont have any liens or bullshit on title. They are also great sellers to sue if there is mold or a safety defect. You wont get to sue anyone if you buy a shithole REO. Last, many relo homes are in nice neighborhoods because typical clients of relo companies are upper income people.
Honestly i think RELO homes are the best secret bargains in real estate for the aforementioned reasons.
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