REO Properties

REO stands for Real Estate Owned, these are the bank owned properties. When the borrower stops making payments and the bank forecloses on the house, they use their own Asset Disposition Departments or hire third party  Asset Management Companies to maintain the properties, market them and sell them.

Because the increase inventory of these type of properties they have become very popular with buyers, usually they are priced below market for a quick sale. Most of them are in livable condition, but there are some that are in poor condition. In most cases they are sold AS IS and the seller wont make any repairs.

Central realty has an REO division and we list properties for some of the larger banks and lenders in the area.

Contact us for our inventory or for help with REO properties in Maryland 410-256-1717