Bank listings: Some banks offer their REO listings right on their websites.For example, Bank of America has an online hub featuring these types of homes for sale. Home-auction sites: Websites like ...

A real estate owned (REO) property that's owned by the bank often sells for below market value, and could be a good deal if you're looking to purchase a home.

Bank of America, “ Search REO and Bank Owned Homes .” Accessed June 9, 2023. Wells Fargo, “ Buying a Wells Fargo real estate owned property .” ...

A real estate-owned (REO) property is one that a bank or other lender has foreclosed on, and that failed to sell at auction or as a short sale. As a result, the bank now owns the property and most ...

Real Estate Owned are properties taken over by the lender when the borrower defaults on their loan. They may put on the market at a discount to recover some of the lender's costs.

Online real estate marketplace Auction.com released data this week showing that demand for distressed homes — including bank-owned properties and foreclosures — shrank for a second straight ...

These properties can be listed for sale just like any other on-the-market home, but they aren’t owned by a homeowner — instead, as the name implies, they’re owned by a bank.