REO’s or Real Estate Owned properties, were a big part of home sales after the Great Recession following the 2004-2007 real estate madness. I found these 2 REO’s for sale in Santa Clara/San Mateo County. Are they good deals today? Not very likely, they will sell for what the market says they will sell for and currently there are price drops on some listed properties, but data shows some (but definitely not all) buyers are pulling back due to rising interest rates. Also, depending on the county in the SF Bay Area, selling home prices are either going slightly up or slightly down. The metrics for real estate here is much different than the rest of the United States. Give me a call to the areas you are interested in.
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