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In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area.
Unfortunately, in these situations, sellers may believe their home is still worth a decent asking price and become emotional when these crazy offers come in. There are tools they can use to help that homeowner feel confident about their price point with strategies on how to deal with any hard-driving buyers. They feel insulted.
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