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.

REO homes are attractive for flippers, landlords, and first-time homebuyers alike. If you've been looking for great deals for ...

Today’s real estate market can be challenging for homebuyers. A sustained rise in prices has made the market increasingly expensive, and competition for properties can be intense. Bank-owned ...

Buying that first home, whether looking for a homestead or an investment, can be exciting and terrifying. You’re thrilled about possibly owning a home or expanding your investment portfolio, but real ...

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 ...

The U.S. Department of Housing and Urban Development Secretary Ben Carson had a bit of a rough day recently. Carson appeared on Capitol Hill to testify before the House Financial Services Committee, ...

A distressed property is a home at risk of foreclosure, currently owned by a bank, or repossessed by a mortgage lender. Have you heard of a distressed property? No, it’s not a character or style of ...

Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re looking for a primary residence, a second home, or an investment property. But there are risks to ...

Department of Housing and Urban Development (HUD) Secretary Ben Carson was caught out during a hearing Tuesday, appearing not to know the meaning of a basic housing term related to foreclosure and ...

In January there was a seven-fold increase in foreclosure starts as compared to December, with roughly 33,000 loans referred to foreclosure, according to a report from mortgage data and analytics ...