Bank Owned Real Estate in Seattle

Seattle bank charters require a certain amount of solvency be maintained in an effort not to weight a Seattle banks liability too heavily in Seattle. The loss-mitigation division of a Seattle bank is motivated to move non-performing assets out of the Seattle bank. During foreclosure if there are no buyers of the Seattle real estate property the Seattle property reverts to the Seattle bank and is offered for sale through their REO division. Many Seattle banks will negotiate down the payoff (a short sale) in an effort to move the asset allowing profitability for the investor due to purchasing at a discount to market value. This process again allows for clean transfer with limited risk as inspection of the Seattle real estate property can be conducted prior to purchase.

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