Connecticut REO Lawyers
When you are thinking of purchasing an REO property in South Windsor CT, the first call you should make is to a local REO Lawyer. Talk to Jeffrey T Walsh & Associates PC, a full service real estate firm offering a broad selection of real estate transactional services and representation. You have no doubt heard of the incredible opportunities available purchasing foreclosures and REO Properties for pennies on the dollar. When you are purchasing a ‘real estate owned’ or ‘foreclosed’ home, understand what you are getting into.
By all accounts, home prices are still rising. Combine that with slim housing inventory in many markets, it may look grim if you are looking to purchase your first, or your next, home. Bank-owned properties, also known as real-estate owned houses, could be an affordable option for first-time or move-up home buyers. Lenders are anxious to unload repossessed properties, and without emotional ties, they’re often more inclined to sell a property below market value. An REO property may in fact be a great investment, but you have to know what you are doing.
Foreclosure and REO (Real Estate Owned by the lender/bank) are terms describing different conditions. The bank tries to sell foreclosure properties in at auction. Most foreclosure auctions do not even result in bids. Failure to find a prospective buyer, the bank becomes the owner of the foreclosed property, now an REO. As the bank is not interested in keeping the REO properties on their books, they open up great opportunities for investors.
We help our clients through the process of buying, selling or refinancing their home. Attorney Walsh will handle your asset from the moment you contract us until closing. Our job is to facilitate a quick, seamless sale. Our service area includes northeastern Connecticut, Hartford County and Tolland County. If you are looking into REO lawyers to represent you in your next transaction, simply call Jeffrey T Walsh & Associates PC.