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  • REO, Foreclosure and Distressed Properties

    Calling all Investors! 

    Which Is More Profitable? 

    Foreclosures, short sales and REOs remind me of, "Lions and tigers and bears, oh, my!" There are similarities. Lions and tigers and bears are animals, but different from each other -- just as foreclosures and short sales and real-estate-owned (REOs) are distressed sales but different from each other.

    However, without specialized knowledge about how to handle the purchase of a foreclosure, short sale or REO, you could find yourself in dangerous territory.

    For example, while many short sales are foreclosures, not all foreclosures are short sales and not every short sale is in foreclosure. To further complicate matters, REOs are not short sales either, but some intended short sales can end up as an REO.