(REO) Bank Owned homes provide some of the best value in the market today. I have had many successful transactions with this type of property.
The condition of these homes will very and is an important factor to note when purchasing from a bank. The banks often advertise these for sale as-is. I have had buyers using both VA and FHA loans successfully purchase REO properties.
May not have utilities on and that must be addressed for inspections
Banks require a number of addendum's to the Delaware Agreement of Sale
S. Walt Simpson
Keller Williams Realty