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Affordable homes can be bought in Michigan, all you have to do is look into purchasing a Bank Home in MI. Bank homes (REOs) can often be bought well below their market value. The trick is, you have to learn and research as much as possible. As with any real estate transaction, make sure to consult an Attorney for legal advice.
What is a REO property?
REO is a term frequently used by lending institutions (banks, credit unions, etc.) as applied to ownership of real property acquired for investment or as a result of foreclosure.
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