In the News

Beneficial New York, Inc. of Brewster, a subsidiary of Household International, Inc., has agreed to discharge eight home equity loans worth nearly $250,000 for distressed property in the City of Buffalo.

The agreement is the first step in addressing several real estate questionable transactions by William Bursee of Buffalo. Bursee allegedly deeded over property for one dollar to individuals with the understanding that they would apply for home equity loans in order to pay him in full.

Distressed Property Listings

Buying Foreclosures that are Real Estate Owned (REO) primarily involves the lender. REO just means the lender reclaims the property and establishes control over it to minimize its losses. Buying foreclosures that are REO is by far the easiest way to pick up a distressed property. Lender's are always listing properties that come back from the auction, because they don't like excess inventory.

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