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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] What inevidably does happen to REO's? Posted by Rodney on June 06, 2002 at 6:51 AM In Reply to: Some do and some don't. posted by Ward-CA- on June 05, 2002 at 5:59 PM This brings up a good question I've been wondering on. What eventually does happen to REO's? If the bank can't sell them at auction then what? I've heard HUD buy's them? If so at what price? Rodney : : Hello Fearless Leader- : : Please let me know if after asking these questions you want me to go stand out on the patio. : : We're now looking for properties that go back to the bank after trustee sales (REOs). If we don't attend the sale, would we be able to call the trustee afterwards and find out if the property did, in fact, go back to the lender? Or would we definitely have to attend the sale to guarantee that we find out that information. : : We understand that trustee automated info systems will tell us whether or not the sale was cancelled or postponed beforehand. But we are uncertain as to whether or not they will tell us if the property went back to the bank. : : Thanks very much. : : Hope all's well. : : : : Rick : =•=•=•=•=•=•=•=•=•=•= : Rick, : It’s that old saw, some do and some don’t. Follow Ups: Inevitably the property will be sold. Ward-CA- 8:46 AM, 06/08/02 (1) Re: Inevitably the property will be sold. Rodney 9:57 AM, 06/10/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : This brings up a good question I've been wondering on. What : eventually does happen to REO's? If the bank can't sell them : at auction then what? I've heard HUD buy's them? If so at : what price? : Rodney : : : : Hello Fearless Leader- : : : Please let me know if after asking these questions you want me to go stand out on the patio. : : : We're now looking for properties that go back to the bank after trustee sales (REOs). If we don't attend the sale, would we be able to call the trustee afterwards and find out if the property did, in fact, go back to the lender? Or would we definitely have to attend the sale to guarantee that we find out that information. : : : We understand that trustee automated info systems will tell us whether or not the sale was cancelled or postponed beforehand. But we are uncertain as to whether or not they will tell us if the property went back to the bank. : : : Thanks very much. : : : Hope all's well. : : : : : : Rick : : =•=•=•=•=•=•=•=•=•=•= : : Rick, : : It’s that old saw, some do and some don’t. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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