We represent bank and other mortgage companies in the handling and disposition of REO properties. An REO property (Real Estate Owned Properties) is a property that goes back to the lender or Mortgage Company after a foreclosure auction. The bank or mortgage lender now owns the property and the mortgage loan no longer exists on the property. Once the lender owns the property, EDCO Title assists the lender in disposing of the property. We will conduct a title search to reveal any judgments, liens, easements, etc. that may exist on the property. This must be satisfied before clear title can be issued. If our title search reveals any clouds upon title, we take the steps necessary to clear the title for the new buyer.
Residential Buyers and Sellers: Buying a home or vacant land may be the biggest single investment of your lifetime. A residential purchase or sale should not be viewed as a do-it-yourself venture. Our staff works closely with real estate buyers, sellers, mortgage lenders, banks, and real estate agents to ensure that sales contracts and other documents are legal, binding and that the closing takes place without stress or unwelcomed surprises. Our staff will walk you through the contract and closing process, answering any questions that you may have.
Please contact us with any questions.