Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
REO properties are usually priced lower than foreclosure properties, because they exclude expenses such as attorney fees and interest. Since banks and lenders are not in the business of maintaining homes, they are eager to sell REO homes and are more willing to negotiate after they fail to sell at foreclosure auctions.
