How do Foreclosures and Short Sales work?

October 10, 2009

REO-or-Short-Sale

Maggie Etheridge-Ureno is a Realtor in Orange County California. She just launched a new blog, How Real Estate Works, and if her first post is any indication of what to come than we are all in for a treat.

Many Dwellicious users have heard about the great deals in REO properties and so-called “Short Sales”. Maggie does a great job explaining the “ins and outs” of these types of transactions. Enjoy!

How do Foreclosures and Short Sales work?

With the real estate market as soft as it is, we are getting a lot of questions from tentative buyers about short sales and foreclosures. What is it like to buy one? Are all of them are automatically the smokin’ deals they think they are? … and if not, how can we evaluate which ones really are sound investments?

Let’s take a look at how these types of sales work. Read more….