I have so many clients and people telling me that they want to buy short sales and REO properties, because they want a “deal.” And I get that. Everyone wants a deal. But as I learned in ECON 101, there is no such thing as a free lunch. And the same holds true for these distressed properties. This video explains how the purchase process is different with short sales and REOs, and why it is important to know what to expect before writing offers on these types of properties.