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 ...

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.

Unsuspecting homes are creating problems in neighborhoods all because of faulty mortgages. Sometimes the homeowners aren't individuals, but rather investors. Several states have been identified where ...

Mike Olsen has been handling and selling foreclosed houses – known as REO (or real estate-owned, meaning bank-owned) properties – since he got into real estate in 1982 as a 20-year-old for whom ...

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 ...

Foreclosure-related home sales retreated to a 21 percent share of all homes sales in the country during the first quarter of 2013. RealtyTrac reported that a total of 190,121 houses that were ...

Based on ATTOM's newly released third-quarter 2023 Vacant Property and Zombie Foreclosure Report, 1.3 million (1,277,612) residential properties in the United States are vacant. That figure represents ...

With home prices near all-time highs, many would-be buyers have been priced out of the market. For them and anyone else ...

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 ...

Based on ATTOM'S recently released Q1 2023 U.S. Foreclosure Market Report, there were a total of 95,712 U.S. properties with foreclosure filings during the first quarter of 2023, up 6 percent from the ...

After spiking 8 percent in January, foreclosures filings have resumed their downward spiral RealtyTrac said today. Its U.S. Foreclosure Market Report for February notes that filings, including default ...