Housing Wire
FEBRUARY 22, 2024
Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Demand for existing homes — including REO assets — outpaces the available supply.
Housing Wire
FEBRUARY 7, 2022
After the housing crisis, the GSE’s portfolio of foreclosed, or “Real Estate Owned” properties ballooned. In addition to strengthening fair housing guidance for its vendors, Fannie Mae is increasing inspections of properties in majority minority areas, and “retooling” its quality control methodology.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
NOVEMBER 20, 2020
Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.
Realty Biz
JUNE 20, 2023
Researching Foreclosures Start your search by understanding the real estate market in your area. Foreclosure listings are usually available on local court websites, local newspapers, real estate websites, and at the county recorder's office. Inspect the Property: Always inspect a foreclosure before purchasing.
McKissock
NOVEMBER 13, 2020
If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” However, inspecting these types of properties can be dangerous. It is a good idea to take another person along when inspecting REO properties.
HomeLight
MAY 17, 2022
Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. You probably won’t be able to get an inspection of the inside of a property before bidding, as sales of foreclosure properties are often sold “as is.” So be prepared for disappointment.
HomeLight
SEPTEMBER 30, 2021
You see foreclosures listed on your favorite real estate sites, but what does that term really mean ? “A REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. Questions like: How does buying a foreclosure work? What even is a foreclosure?
Expert insights. Personalized for you.
360 
Let's personalize your content