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BUY IN BULK FOR BIGGER SAVINGS

Real estate owned or REO is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank. The minimum bid in most foreclosure auctions equals the outstanding loan amount, the accrued interest and any costs associated with the foreclosure sale including attorneys' fees.

After an unsuccessful auction, the bank will go through the process of trying to sell the property on its own. It will remove some of the liens and other expenses on the home and try to resell it to the public, either through future auctions or direct marketing through a Realtor. Real estate investors will often go after these properties as banks are not in the business of owning homes and so, in some cases, the low price can more than compensate for any adverse condition of the property.

Once a property is REO, the bank or lender will try to get rid of the property through REO/asset management departments that will field bids and offers, oversee upkeep and handle sales for individual offers.

Many times these same banks will sell pools of REO at an extreme discount in bulk. At the GoBelly Team of Connect Realty, we work with investors acquiring bank REO pools. We treat our clients with the same care as if we were buying the properties ourselves. We ensure that the seller has the product to deliver and that the buyers have the ability to close the deal. We handle each transaction in a fast and highly professional manner enabling our clients to maximize their earning potential.

With the GoBelly Team of Connect Realty, we help people invest wisely. Today's market is a strong buyers market and we have helped many smaller investors direct their money from money markets, stocks, etc. into the real estate business where they can get a good return on their investment instead of the little returns available through other sources. We at the GoBelly Team of Connect Realty solve problems and small returns on your investments is a huge problem.

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We solve problems and small returns on your investments is a HUGE problem.