How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties
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. This is different than a short sale because a pre-foreclosure seller usually still has equity in the house (meaning the home value is more than their mortgage balance).
97 
Let's personalize your content