ALWAYS BEAUTIFUL IN SUNNY PANAMA CITY BEACH FLORIDA ON THE GULF OF MEXICO!

The Tice Team has SOLD over 10 Properties in the last 2 months!

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What’s an REO?

REO stands for “Real Estate Owned”.  These are properties that have gone through foreclosure and are now owned by the bank or mortgage company.  This is not the same as a property up for foreclosure auction.  When buying a property during a foreclosure sale, you must pay at least the loan balance plus any interest and other fees accumulated during the foreclosure process.    A REO, by contrast, is a much “cleaner” and attractive transaction.   

Ready to make an offer?  Before making your offer, you’ll want to contact The Tice Team and find out as much as you can about about the condition of the property and what their process is for receiving offers.  As with making any offer on real estate, you’ll make your offer more attractive if you can include documentation of your ability to pay, such as a pre-approval letter from a lender, and escrow.