its the process of buying a reo slower than a regular property?

Renan
Renan
Other/Just Looking
California

Mon Mar 17 2008, 14:30 - Foreclosure in 93542 - 3 answers
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Dot Chance
Dot Chance
Agent
Studio City, CA

My recent experience is that my transaction is faster than normal...each one is different

Web Reference: http://www.DotChance.com
Mon Mar 17 2008, 17:05
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Artur Urbanski
Artur Urbanski
Agent
Burlingame, CA

It really varies. With good offers (close to the Listing Price) some lenders move fast . But of course, it can take longer too.

Web Reference: http://www.cimpler.com
Mon Mar 17 2008, 15:03
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Linda Bull
Linda Bull
Agent
93449
FIRST ANSWER

There is no way to really know for sure since all the REO contracts are being to sent to centralized locations where they are understaffed and over-worked. It typically takes a few weeks longer than a traditional sale so if you were thinking 30 days you may want to figure 45-60. Good luck!

Web Reference: http://www.fullservicerea.com
Mon Mar 17 2008, 14:36
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