The Myths About Buying a Bank-Owned Home REO homes, also known as foreclosures or bank-owned homes, are properties that the bank has taken reposession of. Repossession happens when a previous owner cannot make their mortgage payments, and the lender eventually takes ownership of the property. There are many misconceptions about purchasing a bank-owned property. We asked the REO experts at Calcagni Real...
Jay Steevese-PRO, CDPE, REALTORFive Star Professional Calcagni Real Estate President Steven Calcagni recently announced the appointment of residential sales agent, Jay Steeves, to the company’s Wallingford office. Jay has been a REALTOR since 1986 and specializes in residential sales, buying and selling foreclosures, short sales, listing REO (Real Estate Owned) properties, asset valuation and...
We can’t escape the news headlines. The casualties from our ailing economy are all around us - companies are closing, workers are losing their jobs and foreclosure rates are on the rise. As a result, many pet owners have been forced to give up their beloved family pets because they can no longer afford to keep them, or because their new housing accommodations will not allow pets. I have been...
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