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.

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 ...

Home prices are still rising — they’re currently averaging just below all-time highs set in 2006, according to the Case-Shiller Home Price Indices. Combine that with slim housing inventory in many ...

South Florida’s distressed condo market appears to be in the final stages of the clean-up process from the real estate crash of 2007. Fewer than 500 bank-owned condo units — also known as Real Estate ...

Selling REO is big business these days; the firms that specialize in the business of managing, listing and selling bank-owned real estate assets have been flooded with new assets as foreclosures ...

Foreclosures have been holding back the housing market for some time. It’s one of the reasons housing prices have continued to sag, long after many predicted a rebound. But recently there has been ...

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 ...