Bank Owned Homes For Sale
The term REO (Real Estate Owned) is defined as a property that gets returned to the mortgage company, lender from a deed-in-lieu-of foreclosure settlement with the owner during the pre-foreclosure process or after an unsuccessful foreclosure auction. The majority of foreclosure auctions do not have any bids. Now the bank owns the property and because the banks are in the business of keeping & lending money and not in the business of managing real estate, they are trying to unload those properties. Below is a list of lenders, banks and REO disposition companies with access to their list of bank owned properties.
Buy any of the above properties or other MLS properties and "get 1% Rebate" when we represent you*.
