REO (foreclosure) Properties   “Real Estate Owned”…A term used more frequently these days.  What does it mean…what does it imply?
Simply put, REO- property that is owned by and in the possession of the lender as a result of a foreclosure. This makes them a great opportunity for individuals to buy and fix up, either as their principle residence or as investment property.
Working with a Realtor with significant experience is very important, since you are dealing with a company vs. personal ownership (seller.)
Lisa G Lopez is the areas leader in REO deals.The stress associated with the foreclosure process is enough to paralyze a person.  Working with a seasoned professional can minimize the emotional and financial liability of foreclosure.  With over 13 years experience, much of it specializing in REOs (Real Estate Owned), pre-foreclosures and investments I have accrued the knowledge and contacts to navigate the financial & legal systems.  During these times of uncertainty, you want a true Foreclosure Specialist with a strong history of satisfied clientele.  Now is not the time to work with a ‘newbie’, you need experience on YOUR side.  Lenders have their team working against you, you’ll have my team working FOR you. Edit