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.

The steep jump in home prices this year is benefiting the big banks, pushing them to sell their repossessed properties at a faster pace. Sales of bank-owned (REO) homes accounted for 10 percent of all ...

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 ...

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 ...

In January 2012, Carrington Holding Co. was so bullish on buying and renting out foreclosed single-family homes that it obtained $450 million in financing to fund a buying spree of vacant real-estate ...

Know and understand the six key steps.

More than a quarter of all national residential sales in the first quarter were either a short sale or bank-owned property, according to RealtyTrac. Foreclosure-related sales made up 26% of all home ...

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 ...

Renting out REO properties would be a drop in the bucket – it wouldn’t clear much of the housing inventory and wouldn’t ease rising urban rents, but it would help shore up neighborhoods where housing ...

"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re ...