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it stands for “Real Estate Owned” – as in Real Estate owned by the bank. This implies that the earlier owner both couldn’t promote short, or the financial institution wouldn’t allow it.
It’s not as simple as simply discovering the proper home anymore. If you are residence shopping ensure you or the Realtor you might be working with knows what’s what. Short Sales We have all heard the time period short sale by now, it’s almost as frequent as Charlie’s “Winning”.
There’s also the unpredictable concern of troublesome residents moving into an excellent neighborhood. You may have the unlucky luck of having a new neighbor who likes to party on a regular basis or plays the music loud to assuage their nervous dogs. When residents are at work, parking would possibly seem plentiful. However, when the evenings or weekends method, you might need to fight different residence house owners …
