One of the most important parts of buying your REO property is the financing.

1 - Your lender must have experience financing REO properties in their current condition.

2 - You may want to use a rehab loan

3 - You don't want to pay crazy fees for Hard money.

4 - Would it make sense to use a Bank that sells REO properties for you financing? (They know what it takes to get the deal done).

5- Major Banks charge less fees then mortgage brokers, or small banks