Asked by Anna, Illinois • Wed Jul 9, 2008
Hello - I am looking into purchasing a reo property in the Matteson area. I have yet to look at the property but it is below the avg home price in the area and I'm wondering if the bank is trying to just get rid of it. The listing doesn't say it's a foreclosure, can I assume that it is? It's listed as a resale. Also, what is the down side of buying REO?
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