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Exper SoCal REO buyers: got some questions...

Posted by Alfred on November 01, 2009 at 5:28 PM

One of my partners just locked onto an REO in the Sunland area. Wants me to come on board. Has a pool. His realtor friend said to fill in the pool due to liabilities and other problems. Questions:

1) Think it smart to fill in pool, or is there more value there with it cleaned up and in tact?
2) Do you always receive clear title and title insur when you buy and REO or do you have to request that from lender as a part of your offer/conditions?

Thanks in advance.



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