Banks are giving mortgages to qualified borrowers. You need a decent credit rating, and enough income to make the payments. THat's it. Not complicated.
REO, or foreclosures, are always listed with a real estate agent. Most banks have a web page that lists their REOs and where they are located and who to contact.
The banks sell individual houses alll the time.
You find the agent who handles the REO, and the agent shows you what is listed. You chose one and make your offer. The agent handles the paperwork for you.
That's it. Not complicated.
The only thing that is different about buying a REO is that it can take a long time to get your answer back from the bank, so you have a wait to see whether you get the property or not.
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