REOs are bank-owned properties not sold at foreclosure auctions and sold at discount. REOs arise when loan defaults lead to unsuccessful auction sales, necessitating direct sale. Buyers, particularly ...

Bank owned properties, aka real estate owned or REO, are those that have been taken over by lenders due to problems paying the mortgage. These properties may be sold at bargain prices to move quickly.

ATTOM attributes the decline in foreclosure rates and the low number of zombie foreclosures to high homeowner equity. Nearly 1.4 million (1,357,423) residential properties in the United States are ...

In the first half of 2023, over 100,000 homes across the United States entered some stage of foreclosure, marking a significant 10% increase from the same period in 2022. This surge reflects the ...

KANSAS CITY, Mo. (KCTV) - Kansas City’s oldest black-owned housing cooperative, Parade Park Homes, is in for a big change after a successful foreclosure sale, Monday morning. The sale comes with a ...