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What are Repo Homes?
Properties whose homeowner defaulted on the mortgage and have survived the Trustee Sale are usually referred to as Repo Homes. Also called REO or Real Estate Owned properties, they are considered as non-performing assets, which the banks would prefer to sell at discounted prices to recover their losses. To learn more about the process involved, go to "What are Repo Homes?" page.
Where can I find repo homes?
Finding repo homes is simple, especially with the foreclosure listings services offered by Repo-Homes.com. Without leaving your house, you can browse thousands of repo homes for sale in all 50 US states. When it comes to buying these cheap properties, you simply need to follow our "How to Buy Repo Homes" guide.
Is it profitable to invest in repo homes?
Investing in repo homes can be very lucrative and you will find it easy and stress-free if you equip yourself with the right knowledge. At Repo-Homes.com, buyers are guided through the world of foreclosure investing and taught the different ways of how one can profit from such investment. To discover these money-making investment techniques, you should check out our "How to Invest in Repo Homes" page.
How do I know if I am buying the right property?
To know if you are buying the right property, you have to ask yourself the following questions:
- Can I afford it?
- Does it meet my needs and preferences?
- Will it allow me to enjoy a return on my investment?
- Did I do my homework before I purchased it?
If you answered "yes" to all the questions, then you are certainly on the right track! Repo-Homes.com can provide you with additional tips and information to help you choose the right property to purchase.
How long does it take to buy a repo home?
The length of time actually depends on a couple of factors since you need to do research, inspection and other activities related to doing your due diligence. As long as you do everything by the book, you will likely breeze through the entire process and soon find yourself a proud owner of a repo home.
What about limited budget?
Considering repo homes are sold at a fraction of their current market value, you should have no problems with affordability. Repo-Homes.com also offers a huge database of repo properties for sale, including single family homes, multi-family dwellings, apartment and condominium units and even lavish estates. You can easily find the perfect property based on how much you can afford.
- Bank Owned Homes
- Bankruptcy Repo Homes
- Cheap Land
- Commercial Real Estate Foreclosures
- Condo Repossessed Houses
- Fixer Upper Repo Homes
- Flipping Repo Houses
- Foreclosed Homes
- For Sale by Owner (FSBO)
- Government Repo Homes
- Home Repossession Information
- Investing in Repossessed Homes
- Lis Pendens
- Pre Foreclosures
- Real Estate Brokers
- Real Estate Owned Homes
- Repo Home Listings
- Repo Property Auctions
- Sheriff Auctions
- Short Sale Foreclosure
- Tax Foreclosures
- Tax Lien Foreclosures