Real Estate Owned (REO) is a term typically used to describe a class of properties that are owned by a government loan insurer, a government agency, or a financial institution after the property has gone through foreclosure auction. There are a vast amount of differences among these types of properties in terms of bidding procedures, marketing procedures, contractual stipulations allowed and even who is eligible to purchase them at what time! It is extremely important to find a broker who is knowledgeable and trained in this type of transaction in order to make the process smooth and successful. That is where Oklahoma Real Estate Options comes in.
If you are interested in bank owned Foreclosures, Housing Urban Development (HUD) owned properties, Short Sales, or any other type of non-traditional sale, we are ready to unload over 25 years of combined knowledge, training and experience on you! Purchasing one of these types of properties can be a difficult task if you don’t have the right guidance but we have been making it a pain free process for everyone from first time home buyers to multi-million dollar investors for years. There will be no guessing involved in the process when using our firm to locate, bid on, purchase or sell any type of real estate.
Not only are we knowledgeable in assisting buyers of REO properties, but we have been valuing, listing and marketing these properties for years, giving us the insight and professional experience that most brokers do not have. We would love to provide you with a free list of HUD owned and Foreclosed properties in the area of your choice along with any information you would like regarding the process!