Bank Owned REO Properties and REO Listings
Looking for Bank Owned REO Properties? We’ve scoured the web to find banks that post REO properties on their sites and we’ve assembled other sites that also compile REOs to aid in your search. This might be the easiest way to find and acquire foreclosures.
What is an REO?
A foreclosure occurs when a property owner cannot make principal and/or interest payments on a loan. The property then goes through the foreclosure process and is placed for sale by auction. If the opening bid is not met, the property becomes a REO or real estate owned.
One of the advantages is that once a foreclosed property is an REO, its title is usually clean.
REO Resources & Discussions
Search Bank Owned REO Listings Free
NOTE: This Bank REO list has been taken and reproduced by many sites, but only BiggerPockets.com maintains the most up to date list for your convenience.
National REO Banks
- HomePath.com – FannieMae’s REO Search
- 21st Mortgage Corporation – REO Search (mobile homes)
- Bank of America – REO Search
- BBVA Compass – REO Search
- Branch Banking & Trust (BB&T) – REO Properties Search
- Chase Bank – REO Search
- CitiMortgage – REO Search
- GMAC Mortgage – National REO Search (2/15/13 No Longer Functional)
- HSBC – REO Search
- IndyMac Bank – REO Search
- IAS – Integrated Asset Services – REO Search
- M&T Bank – REO Search
- Ocwen Financial Corporation – See: Altisource Homes & Go Homing for their REO Search and Auctions
- People’s United Bank – REO Search
- Regions Financial Corporation – REO Search
- Suntrust Mortgage – National REO Search
- U.S. Bank Home Mortgage – REO Search
- VirtualBank – REO Listings
- Wells Fargo – REO Search
- BayView REO – REO Search
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Regional REO Banks
- 1st National Bank of Scotia – New York REOs
- Coast and Country – Southern California
- First Federal Bank of California – California REOs
- First National Bank of Alaska – Alaska REOs
- Litton Loan Servicing – Texas Based REOs
- NewBridge Bank – North Carolina, Virginia REOs
- nNYRealty.com – New York REOs
- REODenver.com – Denver, CO REOs
- Unity Bank – NJ, Pennsylvania
- Virginia Housing Development Authority (VHDA) – Virginia REOs
- Zions Bank – CO, ID, MT, UT Properties
Other REO Sites
- American Home Mortgage Servicing, Inc. – Loan servicing company with national directory of REO properties.
- FreeForeclosureDatabase.com – Free National Searchable Directory of REOs
- REO Source – Good National REO Search Site
- TaylorBean REO – National REO asset disposition site.
REO Listing Site Graveyard
- Beal Bank – No Longer Available
- Carolina First Bank – No Longer Available
- Countrywide – Now Bank of America
- Downey Savings & Loan – Now US Bank
- EMC Mortgage – No Longer Available
- Freemont Investment & Loan – No Longer Available
- GRP Financial Services Corporation – REO Listings No Longer Available
- Home Loan and Investment Bank – REO Search No Longer Available
- Omni National Bank – Closed March 27, 2009
- Lexington State Bank – Part of NewBridge Bank
- National Bank of Arizona – REOs No longer available
- New South Federal Savings Bank – No Longer Available
- Texas State Bank – No Longer Active
- Western Bank – Puerto Rico REOs – No longer Active
- Wilshire Credit Corporation – No longer Active
Photo: Ed Kohler
