Can you buy a REO property with a mortgage or is it cash only?
by 
Chris Barnes
ANSWERS: 2
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Yes. It is NOT cash only.
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NOT TRUE! REO stands for Real Estate Owned. It is a term used for property owned not only owned by a government agency but by any lending institution. While most holders of REO properties insist on CASH deals many also will not only allow financing of REO properties but will provide financing themselves. FHA, FNMA, FreddieMac will provide financing on REO properties. It truly depends on the company that owns the REO properties. Ask! The worse they will tell you is no
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