Buying A Repossessed House From The Bank -

: Banks are motivated to recoup their loan balance quickly and avoid holding costs like taxes and maintenance.

: Unlike buying at a foreclosure auction, banks typically clear outstanding liens and back taxes before listing REO properties. buying a repossessed house from the bank

: Since you are dealing with a bank rather than a homeowner, there is no risk of the seller's next purchase falling through. Critical Risks and Challenges : Banks are motivated to recoup their loan