Real estate owned

Spread the love

A couple of months ago secretary of HUD Dr. Ben Carson was asked about REO And many people at the time including me believe he confused it with the cookie, Oreo i now believe he confused it with another real estate acronym which stands for other real estate owned.

Now I don’t expect Dr. Carson to know much of what about his position because he was actually thrown in to the position that he had no qualifications for and is actually more qualified to lead health and human services then leading real estate, but that’s besides the point, so let’s get into REO rates Pertaining to the benefits and possible struggles.

Real estate owned or commonly referred as R.E.O. is a term used to describe a class of property owned by a bank after an unsuccessful sale at a foreclosure auction this is most common in FHA loan.

Once it’s owned by the bank They will ask the selling agent to do a BPO (broker’s price opinion) Which is similar to a CMA(comparative market analysis) which essentially is a mini appraisal for a small fee banks will try to sell the properties at a 5% discount the only thing is the banks never set foot in these foreclosed properties so they cannot tell you If there’s anything wrong with the property nor would they want to know for example if there was leak and the homeowner just patched it up instead of actually fixing it you have no way of knowing so its important to do these thing.

  1. You have to find a HUD Listing Agent which you can find through
  2. Get your own contractor
  3. Assess the damage and calculate your risk
  4. The longer it stays on the market the cheaper it will be
  5. Properties that essentially need to be and can I be financed are the ones the banks are going to give a deal
  6. Get familiar with HUD agents

Since I am not expert Here are some individuals that work with real estate owned

Trevor Sarter, REI (@promiselandrei)

Damon Stafford (@DamonStafford):

falecia terry Or win with falecia

That’s all I have for now if you would like to contribute Or become one of my businesses of the week or become one of my businesses of the week you can do so through PayPal, cash app, Coinbase or sign up for my Affiliates and save money on products and advertising

Coin base earn $10 for buying $100 bitcoin

Drop earn $5



Metro Black

Road trek

Notorious finesse.

Build a Pizza

Arlanderz Sauce Mass Production

Viola and Agnes’ Neo Soul Cafe,

Streamers of the week go to

Darren Marlar of Marlar house who does weird darkness and weird news daily also join Darren Marlar to Battle the darkness his campaign to help people who struggle with depression and Suicidal thoughts which I’ve also struggled with in the past.

Nothing is ever hopeless Talk to someone you’re not alone or download Wizdo on your phone

This one comes from an Instagram or that comes very close to my heart considering the fact that I’ve seen people of lost their lives to gang violence so for that I give you a started with nothing fisbanga

Earl of words a poet, blogger, actor & YouTuber

Nateflicks which does employee evaluations and rewinds

Final facts with Alyssa

Pre-order The System of Passive Aggressive Racism In The System of White Supremacy by Phil Scott




Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.