Tag Archives: Bank Owned Properties

Bank Owned Properties

Bank Owned Properties, also known as real estate owned (REO) properties, are properties that are taken into a bank’s inventory, after a foreclosure sale. Bank-owned property are acquired by a financial institution when a borrower does not make their mortgage … Continue reading

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Foreclosures at 8 year low

Foreclosure activity across the United States dropped to an eight-year low in May as banks reclaimed fewer homes and foreclosure starts saw their lowest levels in years, RealtyTrac said in a report on Tuesday. Foreclosures at 8 year low RealtyTrac, … Continue reading

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