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.

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 ...

As in many other industries, the power of technology has completely reshaped the way that real estate is bought and sold in recent years. So, it’s no surprise that technology has become a game changer ...

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 ...

Foreclosure activity rose notably in 2025, according to the ATTOM Year-End 2025 Foreclosure Market Report, reflecting a ...

WASHINGTON — Are lowballed valuation estimates on short sales and bank-owned foreclosures artificially depressing property values in neighborhoods across the country? Growing numbers of appraisers and ...

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 ...

Want a bargain-priced property? Use these resources to look for bank-owned homes. Bank-owned properties can offer quite the deal. In most cases, these are homes that were passed up during a ...