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.

What is REO when it comes to real estate? It stands for real estate owned, and it’s a term you’ll see when a bank or lender takes ownership of a home after a failed foreclosure auction. When a ...

As REO listings flood key local housing markets throughout the nation, it’s clear that the glut of bank-owned real estate is not only building up overall inventory, but also pushing down prices as ...

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 ...

As in many other industries, the power of technology has completely reshaped the way that real estate is bought and sold in recent years. So, it’s no surprise that technology has become a game changer ...

The website that became a household name by mining public records and allowing consumers to see what their neighbor paid for their house is going a step farther, providing users with access to the ...

WASHINGTON — Are lowballed valuation estimates on short sales and bank-owned foreclosures artificially depressing property values in neighborhoods across the country? Growing numbers of appraisers and ...

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 ...

RealtyTrac said today that 1,045,801 default notices, auction sale notices and bank repossessions (REO) were filed during the first two quarters of 2012. This was an increase of 2 percent from the ...

Whether you’re looking for a home to live in or use as an investment, you may come across a bank-owned property in your search. These properties can be listed for sale just like any other ...