W 138th street, Cleveland, OH

This is a real estate owned (reo) property. The lender possesses the property either at an auction or through an agreement with the owner during pre-foreclosure. The property is maintained by the bank or by representative agents acting as safe-keepers / sellers on their behalf. This property can fetch you the best deal when compared to the as is condition of any foreclosure property. While the costs might be a bit higher than foreclosures, reo properties still would fetch you good savings on a house purchase deal.