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Buy REO - Buying an REO

  • - Buying an REO is similar to buying a short sale. The difference is that the property is already owned by the lender.
  • - The property was purchased by the lender at a foreclosure action.
  • - In many cases lenders will sell repossessed property for less than the past loan balance.
  • - Homes owned by a bank are called REOs, meaning real estate owned by the lender.

When nobody at the public auction make a bid which is enough to cover the amount owed against the property, banks end up owning the property. REO homes are often considered the best way to buy reo (a distressed property) as the seller is already out of the picture. The transaction is negotiating by the investor, the investor's agent, the bank and the bank's agent. One can buy some REOs directly from the lender.

REO, or Real Estate Owned, is property that failed to sale at a foreclosure auction and is now owned by a bank. You can view a free list of banks and links to their REO property below.

Some of these links lead directly to the lenders REO Department. While other ones link to third party websites that provide REO services for the lender.

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UNITED STATES CoutryWide Real Estate Owned Listings

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Buying foreclosed property

If you are not a borrower neither a lender but willing to buy the foreclosed property let me inform you that it's cheaper. You can easily purchase it with no troubles. But there are some things you might think about before buying them. Check the complete previous record; make sure it's the ideal place for your family. After that buy foreclosure it and live in it.

Browse Foreclosures

1 2 3 4 5 6 7 8 9 10 next→ last Total: 721618 Foreclosures found
58 COREY STREET, WOODBRIDGE, NJ 7095
  • City: WOODBRIDGE
  • State: NJ
  • Zip-Code: 7095
  • Type:
    Single Family
  • Price: 189900
524 ORBANUS LANE, WILLIAMSTOWN, NJ 8094
  • City: WILLIAMSTOWN
  • State: NJ
  • Zip-Code: 8094
  • Type:
    Single Family
  • Price: 177900
621 E QUINCE STREET #623, VINELAND, NJ 8360
  • City: VINELAND
  • State: NJ
  • Zip-Code: 8360
  • Type:
    Multi-family
  • Price: 99900
139 ELLINGTON ROAD, HENDERSON, NC 27537
  • City: HENDERSON
  • State: NC
  • Zip-Code: 27537
  • Type:
    Single Family
  • Price: 49900
549 SUPERIOR, RIVER ROUGE, MI 48218
  • City: RIVER ROUGE
  • State: MI
  • Zip-Code: 48218
  • Type:
    Single Family
  • Price: 27900
316 HARLAN ST UNIT C24, BEL AIR, MD 21014
  • City: BEL AIR
  • State: MD
  • Zip-Code: 21014
  • Type:
    Condominium
  • Price: 112900
40 E MAIN ST, SALISBURY, CT 6068
  • City: SALISBURY
  • State: CT
  • Zip-Code: 6068
  • Type:
    Single Family
  • Price: 149900
35 MAPLE ST, MERIDEN, CT 6451
  • City: MERIDEN
  • State: CT
  • Zip-Code: 6451
  • Type:
    Single Family
  • Price: 40000
7785 CYPRESS AVE, FONTANA, CA 92336
  • City: FONTANA
  • State: CA
  • Zip-Code: 92336
  • Type:
    Single Family
  • Price: 239900
2919 S IZARD ST, LITTLE ROCK, AR 72206
  • City: LITTLE ROCK
  • State: AR
  • Zip-Code: 72206
  • Type:
    Single Family
  • Price: 9500
1 2 3 4 5 6 7 8 9 10 next→ last Total: 721618 Foreclosures found

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