Shorting A REO?
I was wondering if a short sale on an REO would work.... are the lenders more or less likely to short?
I was wondering if a short sale on an REO would work.... are the lenders more or less likely to short?
An REO has no mortgage so there is nothing to short. REOs are banked owned property and they own it outright. They need to sell the house to get the money back into investments. You can offer whatever you would like to purchase the house for. Having a package (similar to a ss package) is a good idea to support the offer you are making.