Find REO Properties Are Focus of New Programming |
| 9/18/2009 5:04:24 PM |
It is not very hard to find REO properties in just about any market and there is a new bunch of TV shows centered around just that. I am a huge fan of all the different real estate shows on TV and have noticed a change from reality shows about flipping houses to ones where people are on the hunt to find REO properties. Some of the series focus on investors looking for diamonds in the rough, others are about first time home buyers looking to save big and others are about rehabilitating deteriorated bank owned properties into a dream home.
I saw a recent episode about a couple who had a baby on the way who were narrowing down their search to find REO properties. The husband was in the real estate development field so he had an edge over the average homebuyer. He choose an old three story brick building, bank owned and near the point of complete structural failure. Using the brick shell, he set in motion a slew of contractors and constructions workers, which after 8 months turned the once terrible brick building into an amazing brick with metal accent dream home. From start to finish was like night and day. There needs to be a show about bulk REO purchases.
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