Inspection MLS Real-estate owned 
Housing Wire
AUGUST 5, 2025
Depending on where they are in the process, they might still be living in the home (also called pre-foreclosure), actively listed for auction or already repossessed by the bank (referred to as real estate owned or REO). Look up the property in public records or check the MLS if you have access. That’s where you come in.
AAOA
MAY 5, 2025
Bank-Owned (REOs): Real estate-owned (REO) properties are ones that didnt sell at foreclosure auctions and are now owned by the bank or lender. Websites like theMultiple Listing Service (MLS)often list foreclosures, bank-owned properties, and short sales.
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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. Use the MLS. Source: (Roger Starnes Sr / Unsplash).
Point2Homes
JUNE 23, 2021
Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. The main appeal of real estate-owned properties is that they can be a better deal than buying from a private owner.
HomeLight
SEPTEMBER 1, 2020
The home is now bank-owned (sometimes also called REO, or “real estate owned”). Usually when shopping for a home, you contact a real estate agent, they help you identify properties you might be interested in, you visit those properties, and then when you find one you like, you make an offer.
HomeLight
MARCH 30, 2022
Sometimes these are classified as REOs, or real estate-owned properties , because they’re now owned by a bank, government agency, or other lender. Plus, each reduction keeps the property at the top of the multiple listing service (MLS). “It Foreclosure. Selling Long Distance Is Hard. Our service is 100% free.
HomeLight
SEPTEMBER 30, 2020
An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham. You’re not spending any money into it until after you’re under contract and based on your inspection.”. The online-style auction can also help save you from spending money blindly. “An
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