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What is REO Foreclosure?

What is REO Foreclosure?

When a homeowner can’t pay their mortgage and a resolution is not possible, the property may eventually be seized and sold by the bank. This process is called foreclosure, and it can create opportunities for buyers in the real estate market. One particular type...
Escrow Real Estate Taxes 101

Escrow Real Estate Taxes 101

  What is Escrow? Escrow is a financial arrangement where a trusted third party is given funds to hold and disperse according to an agreed-upon contract. In the context of real estate transactions, escrow is often used in the purchase of a home. An escrow account...