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REO

When the economy experiences a downturn, homeowners may face various predicaments that require them to turn their property over to the lending institution due to the inability to meet mortgage payments. This results in an inventory of properties that financial institutions aim to unload off their books through an REO transaction. While this can be a great opportunity for potential homeowners or investors, it's important to note that REO transactions come with strict deadlines, stringent requirements, and unique challenges, as you are buying property from a lending institution.

Escrows For You is well-versed in managing REO transactions and recognizes the significance of promptly addressing all matters. Select us to handle your transaction with confidence that you are working with knowledgeable professionals!

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Investment Properties

Investment Properties

Definition: An unoccupied property, typically bought with the intention of generating profit through rental income or resale, is commonly known as an investment property. Investing in real estate requires expertise, understanding, and the ability to anticipate future trends.

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REO

REO

Definition: Real Estate Owned (aka REO) is the purchase of a property that a lender has taken possession of due to foreclosure or forfeiture.

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1031 Exchange

1031 Exchange

Definition: A 1031 Exchange is a Real Estate Transaction that allows for the sale of one property, with the capital gains tax deferred due to the qualified purchase of another like-kind property in exchange, for tax purposes.

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