Learn and discuss how to invest in real estate owned properties (REOs), meaning foreclosed-upon real estate. These properties land in investor portfolios after failing to sell at foreclosure auctions. A lender, usually a bank or government entity, takes ownership after the unsuccessful sale. Because this real estate hasn't sold, some of the properties can be great deals. For more information on bank owned REOs we encourage you to visit our REO page on our website for more curated information.