REO and Bank Properties in Redding
As your local real estate professional, I am here to provide you with information on all property types, including those that are real estate owned. Fortunate for those who are willing and able to take action, but unfortunate for the homeowners on the wrong end of the deal, the economic downturn has produced some significant values in real estate.
Once a property fails to sell through a short sale or foreclosure auction process it becomes retained by a lending company. The new owner will then try to resell the property, and often my resources allow for an inside knowledge of what agencies are looking for when they go to list these lender-owned homes for sale, which is an advantage to interested real estate investors.