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 ...

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 ...

Mike Olsen has been handling and selling foreclosed houses – known as REO (or real estate-owned, meaning bank-owned) properties – since he got into real estate in 1982 as a 20-year-old for whom ...

With home prices near all-time highs, many would-be buyers have been priced out of the market. For them and anyone else ...

The number of residential properties in the process of foreclosure is up 5% from Q4 and nearly 30% YoY. Among the pre-foreclosure properties, 8,141 are zombie foreclosures, up 5.4% from Q4 and 10.6% ...

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 ...