Bank Owned REO Properties and REO Listings

reo-house

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

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Regional REO Banks

Other REO Sites

 

REO Listing Site Graveyard

  • American Home Mortgage Servicing, Inc. – No Longer Active
  • 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
  • GMAC Mortgage – National REO Search- No Longer Functional
  • GRP Financial Services Corporation – REO Listings No Longer Available
  • Home Loan and Investment Bank – REO Search No Longer Available
  • IAS – Integrated Asset Services – 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
  • nNYRealty.com – New York REOs No Longer Available
  • Texas State Bank – No Longer Active
  • VirtualBank – REO Listings No Longer Available
  • Western Bank – Puerto Rico REOs – No longer Active
  • Wilshire Credit Corporation – No longer Active

 

Photo: Ed Kohler