Equity Hard money loan Loans Real-estate owned 
HomeLight
AUGUST 31, 2021
Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. For example, a homeowner and lender agree to sell a house for $200,000 even though there is a balance of $250,000 on the mortgage loan. Bank-owned/REO sale.
HomeLight
MARCH 10, 2023
You can save money by doing some of the work yourself, of course. According to Wise, putting in a little sweat equity on the interior work can improve your profit margin. “If Money was cheap but it’s not cheap anymore.” When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash.
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