SunTrust REO Properties


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SunTrust REO Properties
SunTrust REO Properties are foreclosed properties that remain unsold even after going through the foreclosure auctions. SunTrust Bank has a large number of bank owned homes which were unable to attract the attention of the buyers at auctions organized by the bank. These properties are now available with the bank and they are provided for purchase to potential buyers in the market at comparatively lower prices. At present, SunTrust Mortgage Inc. offers a complete list of REO properties for sale at their site, http://suntrust.res.net. Interested buyers can check the property listings to find properties in their preferred locations. SunTrust Bank owned real estate properties are in good conditions and they do not require extensive paperwork and documentation during the purchasing process. Bank owned properties for sale are offered mainly in the Southern states of the U.S. such as Florida, North Carolina, Tennessee, Maryland, District of Columbia, South Dakota, Georgia and Virginia. Whether you are looking for a single family home, multi family or a vacation home, you can get it by making a thorough research at the property listings made available by the bank. It is important for the buyers to understand that all the residential properties hold by SunTrust are listed with the local real estate agents and they are advertised through local multiple listing service.

The properties are also marketed at fair market value that allows the buyers to get some benefits. SunTrust Bank continues to expand its network for qualified listing agents in order to manage their properties. The primary objective of the bank is to sell maximum properties at fair market rates in order to maximize their net return. To achieve their goal, the bank has selected only those listing agents who are able to fulfill the qualification requirements set by them.

Real estate brokers and agents interested of being considered for managing the property listings are required to submit the broker package. The broker package should be a complete package and there is the need of an additional agent in your area if you want to get considered. The broker package should contain the following details: