Standard Resale Transaction vs. REO (Bank Owned) Transaction

Our friends at Ticor Title of Nevada have put together an informative piece showing the differences between a standard resale transaction and an REO (bank owned) transaction.
Although REO transactions are typically much smoother than short sale transactions, there are many inherent complexities that can still add time and delays to the escrow process and closing period.
Click on the document below to learn of these potential closing delays.