Marilyn Suber - Sacramento Area Real Estate AgentMerilyn Suber - Real Estate Associates - Experience, Knowledge, Integrity
Marilyn Suber, Sacramento area Real Estate

Marilyn Suber

Direct: (916) 456-3969

Mobile: (916) 947-7956

Email:

msuber@remax.net

Website:

marilynsubersells.com



Five Star ProfessionalWinner of the 2014 and 2015 Sacramento Five Star Real Estate Agent Professionals representing less than 4 percent of real estate agents in the Sacramento area who delivered outstanding service and client satisfaction.

Real Estate Owned (REO) is a term frequently used by lending institutions as applied to ownership of real property acquired for investment or as a result of foreclosure.

REO is property owned by a lender, usually a bank, after an unsuccessful sale at a foreclosure auction (Trustee Sale).  The bank will then go through the process of trying to sell the property on its own.  It will try to remove some of the liens and other expenses on the home, and then try to sell it through the use of real estate agents. 

If the buyer of an REO is making any moving plans, they should note that a closing delay could occur.  The bank, as the seller, will set the pace of the ransaction. This is especially true in the last days prior to closing.  Our experienced REO escrow officersare excellent resources for information and they understand the best ways to move an REO escrow to a timely, trouble-free close.



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