Buying Miami Foreclosures and REO (Real Estate Owned) Properties…
Once the Miami foreclosures enter the last stage of the process, the bank or lender will take ownership of the property. This is after an agreement with the owner during the pre-foreclosure stage and public auction. Also known as Real Estate Owned, or just REO, these homes are repossessed by the lender and sold in order to recover the unpaid delinquency.
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Buying Miami Foreclosures and REO (Real Estate Owned) Properties…