Financing REO Properties: Where to Get an REO Loan

Financing REO Properties: Where to Get an REO Loan

Hi, My name’s Evan and I’m a business journalist for Fit Small Business. I’m writing an article on financing REO properties and I have a few questions. Looking for expert opinions i can use for the article. I’ll of course give you a shout out and a link back to your site. Questions: – What exactly is an REO property? – Who owns an REO property prior to it being sold? – Why does a foreclosure typically become an REO? – What are the benefits and drawbacks of buying an REO loan? – What financing options are available?

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