Bank Owned Real Estate in Austin

Austin bank charters require a certain amount of solvency be maintained in an effort not to weight a Austin banks liability too heavily in Austin. The loss-mitigation division of a Austin bank is motivated to move non-performing assets out of the Austin bank. During foreclosure if there are no buyers of the Austin real estate property the Austin property reverts to the Austin bank and is offered for sale through their REO division. Many Austin 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 Austin real estate property can be conducted prior to purchase.

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