Banks Land Real-estate owned 
Housing Wire
FEBRUARY 5, 2025
Agents looking to specialize in an outdoor amenities niche might consider: Lakefront homes Mountain homes (think: the Adirondacks) Oceanfront or beachfront property Ski/Snowboarding resort properties (think: Whistler or Aspen) Farmland Vacant land Properties in these niches may have unique property taxes, zoning or development regulations.
HomeLight
FEBRUARY 4, 2022
If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. Source: (Roger Starnes Sr / Unsplash). What is an REO home?
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HomeLight
MAY 17, 2022
Mary Stewart in Sugar Land , Texas, is in the top 1% of agents in her area for successfully selling homes. Real-estate owned (REO) homes. A real estate-owned (REO) home has been put up for sale at a foreclosure auction — but it didn’t sell. Be prepared to pay a “buyers premium.”
The Close
MARCH 15, 2022
One year later, in September 2008 when Lehman Brothers—the nation’s fourth-largest investment bank—filed for Chapter 11 bankruptcy, it signaled the start of the largest real estate crash of our lifetime. An REO agent represents banks and loan servicing companies to sell the homes that they foreclosed upon.
Real Trends
JANUARY 25, 2023
This is a way to help those who have credit problems afford a home of their own. Foreclosures Foreclosures and real estate owned properties are owned by the lender after a sale has failed or a borrower has defaulted on the mortgage.
Marco Santarelli
MARCH 24, 2021
In April 2020, there were currently 892 properties in Charlotte, NC that were in some stage of foreclosure (default, auction, or bank-owned) while the number of homes listed for sale on RealtyTrac is 2,310. Bank Owned. New Foreclosure Filings for Charlotte, NC (on Realtytrac.com ). Foreclosure Type. Prior Month.
HomeLight
JUNE 28, 2021
The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Buyers should arrange financing with a bank or mortgage lender ahead of time. This deal only applies to certain properties (foreclosed real estate-owned HUD homes) and all buyers must meet eligibility requirements.
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