Foreclosure, short sale, and REO aren’t the same thing. Here’s the plain-English difference — and what each means for a Houston buyer.
Distressed sales — foreclosures, short sales, and bank-owned (REO) homes — can mean real value, but they come with their own rules and risks. These articles explain how each one works in the Houston market and what to watch for before you make an offer. I’m Kevan Pewitt, broker-owner of Houston Prime Realty, here to help you buy smart when the deal is anything but standard.