Bank foreclosure real estate, also referred to as REOs (Real Estate Owned), is foreclosed real estate that is owned by the bank due to an unsuccessful foreclosure auction. There are several reasons the home may have not sold at the auction. The most common reason is negative equity- the bank foreclosure real estate is worth […]
When a person buys a home, he has to take a loan regularly. The lenders, generally banks, keep the title to home collateral in this case. When the person is unable to pay the dues and payments in time, the ownership of the home is moved to the lender. Transferring of ownership to lender is […]
Interested in purchasing REO property? Call a real estate agent in your area and ask them to send you daily listings that meet your criteria.
Sometimes you job, health, or finances force you to move and you can’t sell your home. What can you do? For starters, let’s clarify the issue: chances are, you can sell your home. However, you don’t want to sell it for an amount below its value or below what you owe on it. Forced to […]
Tax foreclosures are the business of buying properties for little more than the back taxes owed. When owners do not pay property taxes, the taxing entity has a legal right put a tax lien on the property in the amount of the past due taxes plus any interest and penalties. If taxes remain unpaid, the […]
Whether you are an investor that would like to get into buying foreclosed homes for your personal use or to flip the property or if you are having your home foreclosed on, you should know what to expect at a foreclosure auction. Of course, the actual steps that will be taken can vary a bit […]