Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

If you're searching for a house to buy-- and you're looking for a deal -- a foreclosure may be an enticing option. Foreclosed properties, which have been taken back by a lender after the homeowners ...

With over four years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed decisions as ...

Purchasing a foreclosed home involves buying a repossessed property at a reduced price with the help of a real estate agent and submitting an offer to the bank. The real key to successfully buying a ...

Foreclosures occur when a lender takes back a property from an owner who has defaulted on their mortgage payments. Buying a foreclosed home can offer good value, but it also comes with a complicated ...