Comments on: What is a REO Home Sale?

By: Keep your property tax rate when you move | Marin Real Estate Pulse

Keep your property tax rate when you move | Marin Real Estate Pulse — Thu, 14 May 2009 20:58:43 +0000

[...] back to bite you. Also, the rule refers to market value and in some cases counties are looking at REO (Bank Owned Homes) as not selling at market value. For more information look at the Board of [...]

By: How to Purchase a Foreclosure | Marin Real Estate Pulse

How to Purchase a Foreclosure | Marin Real Estate Pulse — Wed, 06 Aug 2008 18:29:31 +0000

[...] does not work for most of us but the next best thing is post foreclosure, bank owned property (REO – real estate owned by the bank). Once a bank takes a home back they want to sell it quickly because they are in the business of [...]

By: Novato Short Sale - Are They Closing | Marin Real Estate Pulse

Novato Short Sale - Are They Closing | Marin Real Estate Pulse — Mon, 04 Aug 2008 20:39:02 +0000

[...] What happens to these homes when they fall out of escrow? Some go back on the market to give it another go but many are taken back by the bank and sold as bank owned property (REO). [...]

By: Marin Real Estate: First half 2008 vs. First half 2007 | Marin County Real Estate Pulse

Sat, 26 Jul 2008 23:23:52 +0000

[...] I recently closed escrow on a three bedroom home in San Rafael for $599,000. At the peak of the market in 2005 this home would have sold for well over $700,000. In 2005 loans were too easy to obtain and buyers, with 100% financing were playing with funny money and many were more concerned with monthly payment than amount paid. This resulted in some buyers paying the absolute top dollar for a home and we are seeing some of those homes selling for much less today, often as a short sale or REO. [...]