Friday, July 25, 2008

REO'S in Fremont

Still in hot demand Fremont continues to experience an insultated compontent to much of the weakened Real Estate Values throughout the U.S.

But REO properties are still on the rise. As of this moment 35 Detached properties in Fremont are REO, 23 of which are less then $500,000 and 9 are less then $400,000 which continues to attract First Time Buyers and Investors.

Remember that on REO, typically the seller is picking up the costs of Title and Escrow since they are choosing the Title and Escrow Company and in many cases the Home Warranty however properties are sold AS IS, and it is the responsibility of the Buyer to know how that will effect ownership, care and repair.

Also, the buyer and buyer's agent need to be aware of the CC&R's and Home Owner Association.

Details matter - and the rules are some what different with REO'S - Don't be Caught Off Guard. Be Aware!

Happy Shopping this Weekend. Weather will be warm and buyers will be out in numbers.

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