Island Advantage Realty: REO Report

Written by Gabriella for Island Advantage Realty LLC Are you ready to view REO property? It's important to have the right mindset when shopping for REO property.  When you view properties that have been through foreclosure you need to be able to view them with an eye that is trained to distinguis...

Written by Gabriella for Island Advantage Realty LLC Have you ever considered investing in real estate?  The current REO market has some exceptional opportunities available for long term investments and income properties.  It's widely known in real estate that a great time to buy property is when...

Written by Gabriella for Island Advantage Realty LLC If you're willing to investigate the REO housing market you will find that it's chock full of exciting opportunities.  It largely depends on how you choose to look at things.  I'm a big fan of making the most of any opportunity, and I enjoy wor...

Written by Gabriella for Island Advantage Realty, LLC More and more people are aware of the existence of REO property, but the #1 question I hear more than any other is "How do I find an REO property?"  There are many answers to this question, but let's start with the easiest: work with an expert...

Written by Gabriella for Island Advantage Realty LLC There are many advantages to buying REO property; one of my favorites is the ability to inspect the property thoroughly.  Foreclosure properties have other advantages, but frequently you can't inspect them or there are time restrictions on when...

Written by Gabriella for Island Advantage Realty LLC When my Grandma Inez came to this country as a young girl, she was told that the streets were paved with gold.  On her 80th birthday she confided in me that she was still hoping to find that gold paved road.  But she also told me that she was p...

Written by Gabriella for Island Advantage Realty LLC One great advantage to buying REO property is the price.  REO properties are generally sold for fair market value, minus the cost of necessary repairs, which can make for a very attractive sale.  REO properties also have the advantage of being ...

Written by Gabrielle for Island Advantage Realty LLC REO (Real Estate Owned) is a term used for properties that have been foreclosed upon and failed to sell at auction.  These properties are now available to be sold by the lender for fair market value minus the cost of necessary repairs.  Right n...

Written by Gabrielle for Island Advantage Realty LLC You've heard the term REO, it seems like everybody is talking about it these days, but what does it mean?  REO stands for Real Estate Owned and it is a term that applies to properties that went through the foreclosure process and failed to sell...

Written by Gabriella for Island Advantage Realty LLC Have you ever noticed how life is like your average tomato plant?  You can take the smallest tomato plant, plant it in rich soil and the most amazing things happen.  You need to water it regularly, of course, but the harvest is almost guarantee...