Due diligence Real-estate owned Short sale Staging 
HomeLight
SEPTEMBER 1, 2020
If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. The home is now bank-owned (sometimes also called REO, or “real estate owned”). First, it’s worth noting that the term “bank-owned foreclosure” is a bit of a misnomer. Step 2: Consider dealbreakers.
HomeLight
SEPTEMBER 30, 2021
REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. Finally, a third way to buy a foreclosure is through a real-estate owned, or REO, listing. REO listings. You’re buying as-is. You’re at the bank’s mercy.
The Close
DECEMBER 29, 2022
Due diligence period. What if your clients are asking about their due diligence period? This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. How to Get a Real Estate License in 5 Simple Steps. Real-estate owned (REO).
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