Here's something you might be wondering: What's the difference between an REO property and a short sale? An REO property is one that has already gone through foreclosure and is currently owned by the bank, which is trying to sell it to a buyer. A short sale is a real estate transaction that takes place when an owner owes more on the mortgage than the house is currently worth and the bank agrees to a sale for less than the full mortgage balance in order to avoid foreclosure. A property involved in a short sale is not bank-owned. The number of short sale transactions has increased in recent years, and you're likely to run into homes like this on the market as you view properties. As with REOs, short sales can be complicated. TIPDespite what you may hear on TV, buying foreclosures is not a get-rich-quick scenario. REOs can offer a way to buy property at below-market prices, but the process is different than an average home sale.
Yesterdays Restaurant has been an Okoboji favorite and is only opened seasonally. Yesterdays has a complete dinner menu that features nightly specials. They have a wonderful martini menu that will not disappoint. Make sure to also make reservations in the Japanese Teppanyaki Room. Watch as asian inspired meals are prepared and served by your personal chef.
Check out Okoboji's newest urban metro hotel, the Okoboji Commons. Featuring 71 guest rooms, a meeting room that can hold up to 125 people. Conveniently located next to the bike trail, Brooks Golf Course, Okoboji Summer Theatre, and many Okoboji attractions. The hotel grounds are immaculate featuring gas fire pits, a gazebo, a large deck overlooking East Lake, a sand beach with hammocks, fire pits and a new dock to tie up your boat. Check out Okoboji Commons next time you are vacationing in Okoboji, you will not be disappointed!
The newsletter is sent periodically and will update you on the latest real estate news
and offers.
Sign In
Sign in to your account to continue.
Create Account for Listing Alerts
Easily save your search criteria to get notified of new listings and price changes.
Password Recovery
If you've forgotten password of your account, Please enter your email
address. We will send new password to your email address.
Disclaimer
SellBoji.com and RE/MAX Lakes Realty provides these covenants/bylaws/horizontal propoerty regime declarations as a convenience, and in no way guarantees the accuracy of these documents, and in no way represents that these documents are up to date and/or legally binding. It is the responsibility of any potential buyer, seller, investor, and/or real estate agent to contact any association contact and/or the Dickinson County recorder's office in order to satisfy themselves as to the very latest available documents.
These documents are the property of SellBoji.com and RE/MAX Lakes Realty. The downloading of these documents for use by any other Real Estate Agency is strictly prohibited.