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How to Find and Purchase Bank Owned Properties

How to Find and Purchase Bank Owned Properties

Bank owned properties, also known as Real Estate Owned (REO) properties, offer unique opportunities for homebuyers and investors to purchase homes at potentially lower prices. These properties have been foreclosed upon and are now owned by the bank, often being sold...
What is REO Foreclosure?

What is REO Foreclosure?

When a homeowner can’t pay their mortgage and a resolution is not possible, the property may eventually be seized and sold by the bank. This process is called foreclosure, and it can create opportunities for buyers in the real estate market. One particular type...