Bank owned or REO’s (Real Estate Owned) properties are properties owned by a bank or mortgage holder. These properties came from homeowners that fell behind on payments and have gone through the foreclosure process – but no one successfully bid on them for purchase at the foreclosure auctions. Banks or mortgage holders aren’t in the business of owning homes, so they turn around and sell them – usually at a great discount – to get the home sold so they can free up more money to lend.
Bank owned homes usually require a little bit of work – mostly just cosmetics like paint and carpet, so there is a great opportunity for you to pick up a stellar deal on a bank owned home below current market value for instant equity.
Click on the links below to search for bank owned/REO properties around the Valley.
Fixing and flipping Chandler REO properties has become one of the most popular way to make an easy profit off of the Real Estate investor game today. Virtually ANYONE can fix and flip a 4 bedroom bank owned home with a pool in Gilbert and make money by doing it. That’s right, there is no experience required for flipping a house, but there are guidelines.
We can give you all the rules and inside tips for your house flipping endeavor. We will help you with:
- Finding the right Ahwatukee bank owned property
– Analyzing the home to maximize profit and exit strategies
– Funding the property through traditional financing, hard money, cash or private lenders
– Rehabbing and fixing up the house
– and helping you sell the house fast to keep the profits in your pocket!
We will give you the knowledge you need to successfully BUY, FIX, and SELL a Tempe bank owned house in no time at all.