As far as selling a bank-owned REO property, do the banks generally accept only the HIGHEST qualified offer?

Question by Happy day: As far as selling a bank-owned REO property, do the banks generally accept only the HIGHEST qualified offer? Regardless each bidder’s financial condition (down payment amount/ excellent credit score/ contengencies…)? For example: Bank’s target price is 0K. Two offers received from two possible buyers. Buyer A: Offer 2K, 5% down, credit [...]

Whats the difference between an REO and a foreclosure property. Which is generally cheaper easier etc?

Question by paul p: Whats the difference between an REO and a foreclosure property. Which is generally cheaper easier etc? What are liens? Are they outstanding debts? Best answer: Answer by bud68An REO (REal estate Owned by the bank) is a property that was foreclosed, did not sell at the foreclosure auction and the title [...]