Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

You may have heard the term floating around in news reports and articles and wondered, what is REO? REO or Real Estate Owned properties are properties owned by the lender – usually a result of ...

A real estate-owned (REO) foreclosure offers investors or potential homeowners the opportunity to secure a property under market value. REO properties have proven that they warrant the attention of ...

VA- and FHA-backed mortgages helped drive the increase in property volume, but sales did not maintain the same pace, ...

Know and understand the six key steps.

Buying that first home, whether looking for a homestead or an investment, can be exciting and terrifying. You’re thrilled about possibly owning a home or expanding your investment portfolio, but real ...

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 ...

Jeff Somers is a freelancer who has been writing about writing, books, personal finance, and home maintenance since 2012. When not writing, Jeff spends his free time fixing up his old house. He has ...

"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re ...