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REO

When the economy experiences a downturn, homeowners may face various predicaments that require them to turn their property over to the lending institution due to the inability to meet mortgage payments. This results in an inventory of properties that financial institutions aim to unload off their books through an REO transaction. While this can be a great opportunity for potential homeowners or investors, it's important to note that REO transactions come with strict deadlines, stringent requirements, and unique challenges, as you are buying property from a lending institution.

Escrows For You is well-versed in managing REO transactions and recognizes the significance of promptly addressing all matters. Select us to handle your transaction with confidence that you are working with knowledgeable professionals!

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Refinance

Refinance

Definition: Refinancing is the process of replacing an existing mortgage loan with new financing, wherein the funds from the new loan are utilized to satisfy the current loan, using the same property as collateral.

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REO

REO

Definition: Real Estate Owned (aka REO) is the purchase of a property that a lender has taken possession of due to foreclosure or forfeiture.

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For Sale By Owner (FSBO)

For Sale By Owner (FSBO)

Definition: To engage in a home sale or purchase without the assistance of a Real Estate Agent.  Escrows For You can expertly manage your “For Sale by Owner” (FSBO) transactions with ease and efficiency.

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