I can provide you with a free list of foreclosures in Winston-Salem, Clemmons, Kernersville, Lewisville or anywhere in the Triad.  REO is an acronym for real estate owned and is industry jargon for foreclosure properties repossessed by banks or lenders.  This usually happens after borrowers default on home mortgage loans, causing lenders to buy back the properties. Purchasing REO homes is a great way to get a bargain on a new home or rental property.

You need an agent working to assist you in finding these great deals.  The agents name listed on the sign works for the seller.  I will work for you to negotiate a great price, handle all of the necessary research, paperwork and inspections. 

f	3 Bedroom 3 Full Baths Winston-Salem,  NC	List Price  109,000 Tax Value           $151,470
	3 Bedroom 2 Full Baths Clemmons, NC	List Price  $98,010 Tax Value $133,175
	3 Bedroom 21/2 Bath Lewisville, NC	List Price  $$93,900   Tax Value 139,600

For real estate investors and homebuyers, bank-owned foreclosures offer opportunities that are not available in the pre-foreclosure and auction phase of the foreclosure process.

• Bank-owned foreclosures are usually sold below market prices.  They also involve less risk and less competition than buying in the pre-foreclosure phase.
   
• Bank owned foreclosures are usually clear of any liens that may have been recorded against the property.
   
• Bank owned foreclosures offer a better opportunity to negotiate price and associated closing expenses.
   
• Bank-owned foreclosures are usually vacant because the banks have evicted the previous owner.  The buyer is responsible for this process during the pre-foreclosure process.