real estate owned

  Foreclosures and short sales and real-estate-owned (REOs) are all distressed sales but different from each other. However, they are also similar because without knowledge about handling foreclosures, short sales and REOs, you could find yourself in dangerous territory. For example, while most short sales are foreclosures, not all foreclosures are short sales. To further [...]

Home sales rise in the spring as buyers rushed to take advantage of tax credits worth as much as $8,000. To qualify, buyers had to sign purchase contracts by April 30. Newly signed contracts plunged by 30% in May from the previous month, when the tax credit expired. Sales fell in most parts of the [...]