NonDisclosure and Non-Circumvent Agreement in Connection with REO - Real Estate Owned - Sales Business
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A REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. It is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction.
After repossession and the property becomes classified as REO, the bank will go through the process of trying to sell the property on its own. It will remove some of the liens and other expenses on the home and try to resell it to the public, either through future auctions or direct marketing through a real estate broker.
- View Contract to Assist Real Estate Agent or Realtor in Closing Sale of Residential Property
- View Modification of Contract for the Sale and Purchase of Residential Real Property Extending the Time for Closing the Transaction
- View Right of First Refusal to Purchase Real Estate
- View Assignment of Real Estate Sales Contract by Purchaser
- View Authority to Cancel
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