What Is Bank-Owned Property? Bank-owned property, also known as real estate owned (REO) property, is a designation given to properties that were not sold during a foreclosure sale, and thus are added ...

One good thing that came out of the housing recession is today’s opportunity for consumers to more easily purchase bank-owned homes or real estate owned (REO) properties. However, many traditionally ...

Headlines scream almost daily about soaring foreclosures, that more than 1 million homes were lost to foreclosure in 2008 and the number is expected to top 1.2 million this year. The good news in Las ...

When a lender cannot sell a default property in a short sale or at a foreclosure auction, it becomes Real Estate Owned (REO). REO refers to a home or other property now owned by a lender— that could ...

Nearly one million properties that were either bank-owned (REO) or in some stage of foreclosure sold to new owners in 2012 according to RealtyTrac's year-end report. The short sale portion of ...

Want a bargain-priced property? Use these resources to look for bank-owned homes. Bank-owned properties can offer quite the deal. In most cases, these are homes that were passed up during a ...

Not all distressed home deals are created equal. New data from the Minneapolis Area Association of Realtors (MAAR) indicates that bank-owned homes are being sold quickly, but that homeowners trying to ...

If avoiding REO holding risk and realizing better price execution aren’t reasons enough, selling at foreclosure auction or online auction also provides a third benefit that may surprise many mortgage ...

Could those dramatic gains in Tampa Bay home prices really be slowing down? July sales figures hint that the long-running sellers' market might be shifting more in favor of buyers. In Hillsborough ...

Sue McCormick is doing her part to help solve the nation’s increasingly complex affordable housing puzzle. In 2021, McCormick resold two renovated properties that she originally purchased at ...