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 ...

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 ...

If you're searching for a house to buy-- and you're looking for a deal -- a foreclosure may be an enticing option. Foreclosed properties, which have been taken back by a lender after the homeowners ...

Recently, the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2025-13 to revise the exclusive listing period for certain parties in connection with HUD real estate owned ...

Foreclosure leads aren’t for the faint of heart, but they can be well worth the effort. If you’ve been thinking about diving into this niche, you should know up front – it’s not just about pulling a ...

Major residential brokerages may still snub their noses at the listings, but a growing number of firms, particularly in the outer boroughs, are fighting for a share of the foreclosed homes market.

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 ...