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 home foreclosure train isn’t slowing down yet. The number of foreclosure filings — default notices, auction sales notices and bank repossessions — rose 8 percent on a monthly comparison basis ...

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 ...

I spent most of my real estate career managing and selling foreclosures, listing and selling over 25,000 single-family foreclosures before I stopped counting. During this time I formed the National ...

DRI Management Systems Inc. has released an easy-to-use and cost-saving tool that automates the process of resolving real estate-owned (REO) assets. DRI Broker facilitates real estate agents' direct, ...

California Realtors say Fannie Mae and Freddie Mac's federal regulator is moving forward with bulk sales of real estate owned (REO) homes in "a highly secretive manner," without giving full ...

A number of our readers from the brokerage arm of real estate have asked how they might become involved in marketing bank owned real estate (REOs), that is, properties seized by the banks for ...

New York—PropertyShark.com, a real estate research site, officially announced today the launch of REO listings in New York City. In addition to foreclosure auctions and lis pendens, Propertyshark ...