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R.E.O. (Real Estate Owned)
Real Estate Owned (REO) properties have been auctioned with no bidder or the minimum
bid not met. An REO property is a non-performing asset the lender must now sell.
Unbelievably, these properties may not yet be listed for sale. Contact the lender
to found out more, and while you're on the phone - find out if they have any other
properties that they need to get rid of. Read more about profiting from bank owned properties.
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Poughkeepsie, NY 12601
Condominium
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Published on 12/23/2011
1 Bedroom, 1 Bath, 0,860 Sq Ft
Market Value $93,000
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Poughkeepsie, NY 12603
Duplex
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Published on 12/21/2011
4 Bedroom, 2 Bath, 2,208 Sq Ft
Market Value $205,305
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Pre-Foreclosures
A pre-foreclosure notice indicates that the owner has missed at least one payment.
Based on state law, the owner has from 3 weeks to 12 months to remedy the problem,
which may include selling the home. Failure to do so will result in a scheduled
public foreclosure auction.
A pre-foreclosure opportunity is found by locating owners who are motivated to sell.
If there is equity in the home, there is also an opportunity to make money. If there
is no equity, you can approach the owner with a short sale offer. Read
more about
Foreclosure Investment Training
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Poughkeepsie, NY 12601
Apartments
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Published on 2/7/2012
Bedroom, Bath, 9,168 Sq Ft
Market Value Unknown
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Poughkeepsie, NY 12603
Single Family Residence
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Published on 1/31/2012
2 Bedroom, 2 Bath, 1,455 Sq Ft
Market Value $209,000
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Auctions
Auction properties are those where the owner has failed to remedy the default. The
lender will set the opening bid as the unpaid balance plus penalties and fees for
the defaulted loan. The lender may opt to start bidding below the amount owed. Auction
dates can and often will be postponed by mutual consent.
Foreclosure auction opportunities increase the urgency for the owner to sell. Short
Sales, Equity Purchases and buying at auction can all be profitable to knowledgeable
investors. Read more about
profiting from auction properties.
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Poughkeepsie, NY 12601
Duplex
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Published on 1/19/2012
8 Bedroom, 2 Bath, 2,744 Sq Ft
Market Value $216,000
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Poughkeepsie, NY 12601
Triplex
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Published on 1/16/2012
5 Bedroom, 4 Bath, 2,590 Sq Ft
Market Value Unknown
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