The Myths About Buying a Bank-Owned Home REO homes, also known as foreclosures or bank-owned homes, are properties that the bank has taken reposession of. Repossession happens when a previous owner cannot make their mortgage payments, and the lender eventually takes ownership of the property. There are many misconceptions about purchasing a bank-owned property. We asked the REO experts at Calcagni Real...
Calcagni Associates President Steve Calcagni recently announced that the company has added a Real Estate Owned Services Division to its already full suite of real estate services. “As the real estate market has changed over time, so has our need for a comprehensive division to administer the amount of REO properties we’re handling.” said Calcagni. “We’ve been involved in REO properties for...
In our ongoing commitment to remain at the forefront of technological advances in our field, we’ve recently launched 2 new features on our website: A Multi-Language Property Search button which allows home buyers to view properties in 11 different languages, along with a Bank-Owned Property Search button which allows potential buyers to easily find bank owned/ foreclosed properties currently...
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