Office: 801-891-6952 | Email: info@HomeRealEstateUt.com
REO (Real Estate Owned) facts
Alan has bought and sold REO/Bank Owned and HUD Properties for many years.
With this experience he knows how the process works. As your agent he will make things happen, in the best way, for you.
REO stands for “Real Estate Owned”. Often a REO servicing company takes care of the Bank Owned property. The servicing company may also provide assistance with loans for these companies. The bank now owns the property after the home wasn’t sold at a foreclosure auction. The home now becomes part of their REO inventory. The bank may hire a real estate broker to sell the property or have an in house department handle the sale or the new owner of the property will contract a servicing company to take care of the sale. At this point, most of these homes are sold through real estate brokers representing the seller (bank) and a buyer’s agent (broker) representing the buyer.
Specializing in Salt Lake, Utah and Davis counties Alan negotiates and makes the deal happen for you. Alan Greenall represents your best interests, Always! with full disclosure, which equals integrity. He knows how to just get the offer accepted. There is much more in an offer than just price.