Cook Illinois Acuerdo de no divulgación y no elusión en relación con REO - Propiedad inmobiliaria - Negocio de ventas - NonDisclosure and Non-Circumvent Agreement in Connection with REO - Real Estate Owned - Sales Business

State:
Multi-State
County:
Cook
Control #:
US-01910BG
Format:
Word
Instant download

Description

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.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
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Cook Illinois Acuerdo de no divulgación y no elusión en relación con REO - Propiedad inmobiliaria - Negocio de ventas