Countrywide Reo--what Are My Chances With Buying For

50% arv? i am venturing into the reo market and read where some have purchased reos for 50% arv.

Comments(2)

  • InActive_Account7th March, 2006

    A lot depends upon the current condition. If it is 50% damaged then it would be easy to buy at 50% ARV. If it is move in ready then you would be wasting your time.

  • rbjj30th March, 2006

    This is not a Countrywide Reo , but I have also been watching a REO for some time now, and they have finally dropped the asking price 15k , and I was wondering would it be wise to still make a lower offer after they have dropped it 15k.

    The property has been sitting a long time, and I know it is a nice house that only needs a small amount of re-hab work.

    Thanks for your replies.[ Edited by rbjj on Date 03/30/2006 ]

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