We handle HUD & VA Homes.
Full Service Real Estate Company
Serving ALL of the Greater Sacramento Area
Click here for everything about Home Financing
Buying REO properties is a big business that has created a significant opportunity this decade. Local foreclosure markets used to be exclusive and dominated by a few very active investors, but now, thanks to the Internet, basic data about foreclosures is becoming much more accessible to real estate agents who specialize in this field.
These agents who specialize in REOs are taking note of the Internet's potential. It is believed the Internet will expand the REO market and create a different niche. First Time Buyers as well as Investors will be able to get info that they wouldn't normally have had.
In case you're new to real estate, "REO" is an abbreviation for "real estate owned." The term refers to residential and commercial properties "taken back" by lenders through foreclosure, then offered for sale to the public.
"HUD" (Department of Housing and Urban Development) and "VA" (Department of Veteran Affairs), two governmental departments that insure or issue mortgages, are among the largest owners of REO properties. Both departments make available a lot of useful details about their REOs to qualified real estate agents. Available data include addresses, property descriptions, list prices, and identification numbers. Helpful notes state whether FHA-insured financing is available and outline repairs the home is known to need.
Real Estate Agents who strive to provide the best service for their clients compile all data from HUD and VA and establish updated lists of for sale-properties. These lists are available upon request.
Click here for a wealth of additional info
Click here for information on how to find a VA HOME
Click here for information on how to find a HUD HOME
If this is the level of experience, professionalism and expertise you are looking for, we would be pleased to serve as your broker.Thank you. Your business is appreciated
