Real Estate Owned
REO's for buyers, sellers, and real estate professionals
REO Escrow, which stands for "Real Estate Owned," is when a bank or lender buys a piece of property after it has been foreclosed on. For escrow to finish, there are a lot of steps that need to be taken because of the complicated nature of the deal. We at Success Escrow in Rancho Cucamonga can help you get this over with and out of the way.
Often, there are tight due dates that must be met, and the quality of the reports must be very good, just like the Bank wants. You should not leave out any details, no matter how small they may seem. You do not want to be seen as dishonest and lose credibility. Success Escrow works hard to make sure we meet the strict requirements of the REO Escrow process and that everything goes smoothly.
Our Process
With our expert guidance, navigating our escrow process is straightforward. Our step-by-step approach ensures clarity and efficiency from start to close.
Opening the Escrow Account
The buyer and seller agree to terms and open an escrow account.
Document Collection and Review
All necessary documents are collected and reviewed for accuracy.
Funds and Instructions Management
Escrow manages funds and follows instructions from both parties.
