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  2. Econohomes - Wikipedia

    en.wikipedia.org/wiki/Econohomes

    Econohomes is a privately held company based in Austin, Texas, specializing in foreclosures. It's known as real estate owned properties (REO), and specialty financing across the United States. [1] [2] The company buys distressed residential properties wholesale and resells them online at prices under $100,000. Buyers are mostly made up of ...

  3. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]

  4. Odell Barnes (entrepreneur) - Wikipedia

    en.wikipedia.org/wiki/Odell_Barnes_(entrepreneur)

    James Odell Barnes Jr. (aka Odell Barnes) has earned the nickname "Foreclosure King." His firm, Odell Barnes REO , is a bulk-buyer of foreclosed homes in the United States. [ 1 ] For decades, Barnes has been buying foreclosed homes in bulk from banks and other mortgage -lenders and selling them to a network of private investors and directly to ...

  5. What is a foreclosure? How it works and how to avoid it - AOL

    www.aol.com/finance/foreclosure-works-avoid...

    Judicial foreclosure: With a judicial foreclosure, the lender files a lawsuit and the borrower is notified of the non-payment. The homeowner has 30 days to make up the missed payments, otherwise ...

  6. Why is it so hard to crack down on some landlords who won't ...

    www.aol.com/why-hard-crack-down-landlords...

    Because he failed to insure his properties, U.S. Bankruptcy Judge Alan M. Koschik eventually denied the bankruptcy protection that would have shielded 27 of his properties from foreclosure.. One ...

  7. How to stop foreclosure - AOL

    www.aol.com/finance/stop-foreclosure-220538027.html

    A real estate agent with experience in short sales might be able to help you find a buyer and guide you through obtaining the necessary approvals. 7. Short refinance

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