Why should I buy an Las Vegas REO home or bank owned home?
One of the biggest advantages of buying an Las Vegas REO home (ignoring the obvious that you should get a very good deal) is that you are purchasing a property without liens or other types of encumbrances – as in most cases, prior to a lender (bank) making an Las Vegas REO home available for sale, they will expunge all liens or claims against the property. This means there are no shadows (issues) hanging over the property, be it a second or third mortgage, taxes, mechanics lien and/or any liens by creditors. • Working with our dedicated Las Vegas REO home and Foreclosure team, we can negotiate directly with the lender’s loss mitigation department on your behalf to discount the price of the property, so it is priced below market valuation. • Other than price, most buyers of Las Vegas REO homes can usually negotiate favorable lending terms that are below existing market rates.
