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.

Today’s real estate market can be challenging for homebuyers. A sustained rise in prices has made the market increasingly expensive, and competition for properties can be intense. Bank-owned ...

There are several interrelated factors which have led to a recent increase in the number of bank-owned properties (REO) nationally. While most measures of distress in the mortgage market, ...

LOS ANGELES (Reuters) - The smell of rotting food and decay inside 10956 South Wilmington Avenue, Los Angeles, was overwhelming. A burst pipe in the kitchen ceiling leaked water onto a floor littered ...

With home prices staying high and mortgage rates still above 6.8% as of mid-2025, many buyers are exploring alternative ways to enter the housing market. One option that continues to spark interest is ...

Foreclosed and pre-foreclosed homes maintained their position as the source of over a fifth of U.S. home sales in the second quarter of 2012. Twenty-three percent of all residential sales during the ...

Not all distressed home deals are created equal. New data from the Minneapolis Area Association of Realtors (MAAR) indicates that bank-owned homes are being sold quickly, but that homeowners trying to ...