13 Steps to Buying a Bank-Owned Foreclosure
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”). The process of buying a bank-owned foreclosure. But when searching for a bank-owned property, there’s a reason to wait.
74 
Let's personalize your content