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At BiggerPockets our number one goal is leading individuals towards financial freedom through investing in real estate. We have worked to provide our users with the best information to help you reach your real estate goal. If you are looking for a bank owned REO property, we have put the resources together for you.
Through our partnership with Foreclosure.com you can search through listings of foreclosed and REO properties, often before they hit the mass market. Click to find properties in your market!
REO stands for real estate owned and occurs when a house goes into foreclosure after 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. See more advantages of buying REO Properties. See more advantages of buying REO Properties.
BiggerPockets has great conversations around bank owned REO properties on our forums. If you are looking for a little more information before looking for a bank, please check out our forums or even join the conversation!
This Bank Owned REO list has been taken and reproduced by many sites, but only BiggerPockets maintains the most up to date list for your convenience.
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