REO | FORECLOSURES | SHORT SALE OVERVIEW


REO or "Real Estate Owned" a.k.a. "Bank Owned" properties are ones that have been foreclosed upon and are owned by the Bank or financial institution that held the mortgage of the previous owner.  That owner defaulted on on payments which required the bank to take possession of the property thus...  Real Estate Owned / Bank Owned.

 

The Washington Group are specialist in Bank Owned and Short Sale transactions.  In 2005 we anticipated the market changes and the challenges they would bring to our area.  Today we better serve the needs of our clients because we are trained, skilled and have experienced successful closings on several REO properties. 

 

Our experience and knowledge puts us ahead of the recent "wave of agents testing" this market.  Working with a bank to close a deal is MUCH different than working with a home owner during a short sale, and working with home owner and a bank on a short sale is not routine by any means.  Special documentation, processes and data is needed for each of these type of transactions.

We specialize in REO property sales. Our REO Specialists prepare BPO's at the request of asset mangers and banks.  We prepare the properties for market, manage tenant issues as they relate to each individual property, market properties and get them to settlement with new buyers.

Whether you're are buyer interested in purchasing a Bank Owned - REO property for sale or an Asset Manager looking for representation in the Princeton NJ Real Estate market, The Washington Group REO Services are your answer.
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