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.

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 ...

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 ...

Other Real Estate Owned is a bank accounting term that refers to real estate owned by a bank that is not directly related to ...

According to RealtyTrac's new U.S. Foreclosure Sales Report for the second quarter of 2011, sales of homes that were in some stage of foreclosure or bank owned accounted for 31 percent of all U.S.

If avoiding REO holding risk and realizing better price execution aren’t reasons enough, selling at foreclosure auction or online auction also provides a third benefit that may surprise many mortgage ...

Nearly one million properties that were either bank-owned (REO) or in some stage of foreclosure sold to new owners in 2012 according to RealtyTrac's year-end report. The short sale portion of ...

This article was first published on NerdWallet.com. 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.

Bank-owned properties can offer quite the deal. In most cases, these are homes that were passed up during a foreclosure auction, and now, the bank is on its last line of defense. They need to sell the ...

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 ...