Coldwell Banker offers guidance for buying distressed homes

Coldwell Banker Residential Brokerage, the largest real estate services company in the Sacramento-Tahoe region, has established an extensive program to assist buyers and sellers of distressed homes, including bank-owned real estate experts in position in each office to assist Sacramento-Tahoe buyers and sellers.
Six out of every 10 sales in the Sacramento area this year have been  real estate owned (REO) or bank-owned properties, according to Bob Bronswick, president of Coldwell Banker Residential Brokerage in the Sacramento-Tahoe region. About 75 percent of the buyers of REOs are first-time buyers, he added.
Each Coldwell Banker Residential Brokerage office in Northern California has a number of agents who are experts in REOs and short sales—properties that are sold for less than the cost of the mortgage. In some cases, the agents have as much as 20 years of experience working with bank-owned property sales. Coldwell Banker Residential Brokerage also offers agents some of the industry’s most advanced professional training in marketing and buying distressed properties.
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