Bank-owned (REO) listings are sometimes a great investment opportunity. Often when a bank or other lender must foreclose on a property, they are initially working to earn back the principal amount due back to them out of the equity of the property. If the lender actually forecloses on the property and then becomes the owner of it, it sometimes agress to a sale price that is below the true market value. If a property can be bought prior to the foreclosure process being completed, often this can be a short-sale (where the lender agrees to accept less than what is owned to them).
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The data relating to real estate for sale on our web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Listings held by brokerage firms other than Hahne Real Estate, are marked with the Broker Reciprocity logo or the Broker Reciprocitysm thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Updated: 10th November, 2024 3:24 AM (UTC)