# What the story w/bankhomesdirect **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 6, 2005, 11:04pm UTC](https://forums.speedlife.net/t/what-the-story-w-bankhomesdirect/3135 "2005-10-06T23:04:32Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Coldaccord](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/coldaccord/32/7272_2.png) [@Coldaccord](https://forums.speedlife.net/u/Coldaccord)\ **Post date:** [October 6, 2005, 11:04pm UTC](https://forums.speedlife.net/t/what-the-story-w-bankhomesdirect/3135/1 "2005-10-06T23:04:32Z")
It’s a website daN sent me, it claims to have houses: This property is an REO - meaning ‘Real Estate Owned by the lender’ which is the last step in the foreclosure process. These properties are currently available for purchase or will soon be available for purchase, subject to lender processing. The estimated amount for this property is $55,000. This is just an estimate and the actual amount required to purchase the property may vary. ?? ---
**Author:** ![BubbleSparkxx](https://avatars.discourse-cdn.com/v4/letter/b/a87d85/32.png) [@BubbleSparkxx](https://forums.speedlife.net/u/BubbleSparkxx)\ **Post date:** [October 7, 2005, 3:09am UTC](https://forums.speedlife.net/t/what-the-story-w-bankhomesdirect/3135/2 "2005-10-07T03:09:41Z")
if you’re looking at foreclosed homes, most mortgage companies will have whatever properties they have going to foreclosure sale listed on their website. keep in mind that most foreclosures aren’t discounted too much from actual market value… ---
**Author:** ![Jack](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jack/32/7613_2.png) [@Jack](https://forums.speedlife.net/u/Jack)\ **Post date:** [October 7, 2005, 5:39am UTC](https://forums.speedlife.net/t/what-the-story-w-bankhomesdirect/3135/3 "2005-10-07T05:39:13Z")
and they are in shitty condition.