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.

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

The volume of bank-owned foreclosed homes – known as REOs, or real-estate owned properties – is growing at an alarming rate, compounding the foreclosure crisis by sticking hard-hit neighborhoods with ...

LOS ANGELES Sales of bank-owned homes have plunged to a five-year low, the latest evidence that the nation's foreclosure woes are easing as the U.S. housing market recovery gains momentum. For the ...

Foreclosure can be a long process. It starts when a homeowner defaults on a mortgage and a bank or financial institution repossesses the home. And it ends when the bank sells the property to recoup ...

VA- and FHA-backed mortgages helped drive the increase in property volume, but sales did not maintain the same pace, ...

LOVELAND – There was a time when Short Sales, Foreclosures, and Bank Owned properties were common in our area. Even though our housing market has soared past those days, we still see them on occasion.

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 ...

The National Fair Housing Alliance (NFHA) and three of its member organizations have announced new evidence of housing discrimination by Minneapolis-based U.S. Bank. The civil rights groups allege ...

Purchasing a foreclosed home involves buying a repossessed property at a reduced price with the help of a real estate agent and submitting an offer to the bank. The real key to successfully buying a ...