Joe 's Big Bear Real Estate Blog

Why are REO's attractive to buyers? Where else can you find seller's willing to list their property over 30% below what they paid less than two years ago?  This cabin, close to the National Forest and the Ski Slopes is priced at exactly that.Listing Price $361,900Previous Purchase Price $519,000...

Originally posted on Big Bear REO BlogAn REO property is simply a Bank or Lender owned property. The term REO is an acronym for "Real Estate Owned" which banks use to describe a property that has already gone through the foreclosure process but did not sell at a Trustee's Sale.  There can be many...