Franky

I'm a:	Real Estate Professional
Location:	Orange County

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Are REO properties listed in Trulia already bank owned? Or are they in the process of being foreclosed?

Asked Sun Dec 16 2007, 13:27 by Brian - Long Beach - Foreclosure - 6 answers

Franky answered:

Hi Brian,
I am a private investor and I buy a lot of properties. I will give you an unbiased opinion about REO properties. These are normally properties that are less desirable and prime for real estate investing. You can buy these for deep discounts and can work out well for you if you plan to flip them. There never been a better time to buy REO properties in the history of real estate then now and the next 24 months. Yes this will come to an end soon but you will have a fairly good selection to choose from while it last. So take your time and get a property that you feel good about.

If you want more information go to Simon Volkov website and read articles and learn about this industry. - Fri Feb 29 2008, 21:47

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