Patti Ann Kasper - Lino Lakes and Northern Twin Cities Metro Real Estate Expert's Blog

What is a REO and why do you care?

The term REO comes from accounting.  It is simply the name of the category used by banks and corporations to show their inventory of properties in their accounting system.  REO stands for "Real Estate Owned".
 
These are homes that have gone through the foreclosure process and are now offered for sale by the bank.  They are generally more obtainable than short sale properties because at this point, you only have to deal with one lender or corporation.  Whereas in a short sale there can be as many as three lenders, the county, the city, the state, or other lien holders that have to all agree on the terms and conditions of the sale.

You may have also heard the term BPO.  That stands for "Broker Price Opinion".  A BPO is performed by an experienced BPO REALTOR® so that the bank or corporate owner can decide what price to list the home for and to evaluate the condition of the property, suggest repairs, secure the property and sometimes manage the property.

Many of these homes need some work; some more than others, but they can be a great opportunity for first time home buyers, move up home buyers, and investors.  However, hiring a REALTOR® with experience with REOs and BPOs in critical. 

As an experienced and active full time BPO/REO REALTOR®, I see properties before they are actually listed for sale by the banks and corporations.  This gives my clients the edge in a very competitive market because I know about these properties before the public and even before most other agents find out about them.  

Half Priced Homes!

That's right, there are homes currently listed for sale in Blaine, Coon Rapids, and other neighborhoods in the Twin Cities Metro that are listed for sale at 1/2 of the price they were just recently!  These bank owned REO properties won't last long.

I specialize in assisting REO Buyers in Anoka, Northern Hennepin, Northern Ramsey, Eastern Wright, Eastern Sherburn, Southern Isanti, and Northern Washington Counties. My mission is simple, to help you realize your real estate goals by capitalizing on my expertise, advice, resources, training, and marketing systems to successfully close your REO transaction.

You will find this site so easy to use for all your real estate needs, there will be no need to go anywhere else.  This site was designed with both Buyers and Sellers in mind.  Use the easy "Property Search" page to search for homes currently listed for sale in the Minneapolis St Paul Twin Cities Metro Area; or just sit back and allow us to do the work for you and watch how easy and quickly the information is sent to you!

This is just one example of the services I provide to my "Inner Circle" clients.  To receive your own customized list of Half Priced Homes and find out more about becoming an "Inner Circle" client, call Patti Ann Kasper at 763-548-1418 today!

Are you ready to receive attainable opportunities in your mail box immediately?

Would you like more information on how the "National Real Estate Stimulus Program" can put more money in your pocket, even when purchasing a REO?

Foreclosures, Short Sales, and Other Things You Need to Know - Part 1 of 3
Foreclosures, Short Sales, and Other Things You Need to Know - Part 2 of 3
Foreclosures, Short Sales, and Other Things You Need to Know - Part 3 of 3

Participating member of the *National Real Estate Stimulus Program*

Buyers: Receive a CASH BONUS of 2% of the sale price up to a maximum of $10,000.00 after closing when you purchase a home with Patti Ann Kasper.

Sellers: Your home SOLD in 39 days or less GUARANTEED, or I'll pay you up to $10,000 after closing!

That's right, a tax free cashiers check is mailed after closing, upon receipt of proof of purchase, and verification of identity.  Could you or someone you know do something with that?  If you are thinking of buying or selling a home, call Patti Ann Kasperto find out how you can receive your own National Real Estate Stimulus Program CASH BONUS!

For more information about my services, guarantees, or how I can help you find your next home, sell your home, buy a business or investment property.  Just call Patti Ann Kasper today at 763-548-1418!

To view my interactive on-line real estate magazine with listings, select the banner below:


Patti Ann Kasper, Your Minnesota, North MetroTwin Cities, and Blaine MN Real Estate Expert!  Associates of Science Degreein Geographic Information Systems and Cartography from Anoka Ramsey Community Collegein Coon Rapids, Minnesota.
© Copyright Patti Ann Kasper2009 All Right Reserved.