Getting Started With Bulk REO Packages

In today's real estate market plagued with high foreclosure rates and a large inventory of bank owned properties, buying REOs (Real Estate Owned) in bulk is receiving increased attention. Often these are packages of single family homes that range anywhere from $1 Million dollars to more than $1 Billion dollars and will often contain hundreds of homes. The packages will usually be focused on a geographic area such as a metro area or a region of a state. Playing in this market requires an understanding of its rules and vocabulary. This is not an easy market but the potential payouts are big.

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