Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

Buying that first home, whether looking for a homestead or an investment, can be exciting and terrifying. You’re thrilled about possibly owning a home or expanding your investment portfolio, but real ...

Today’s real estate market can be challenging for homebuyers. A sustained rise in prices has made the market increasingly expensive, and competition for properties can be intense. Bank-owned ...

When a lender cannot sell a default property in a short sale or at a foreclosure auction, it becomes Real Estate Owned (REO). REO refers to a home or other property now owned by a lender— that could ...

A distressed property is a home at risk of foreclosure, currently owned by a bank, or repossessed by a mortgage lender. Have you heard of a distressed property? No, it’s not a character or style of ...

"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re ...

The U.S. Department of Housing and Urban Development Secretary Ben Carson had a bit of a rough day recently. Carson appeared on Capitol Hill to testify before the House Financial Services Committee, ...

Department of Housing and Urban Development (HUD) Secretary Ben Carson was caught out during a hearing Tuesday, appearing not to know the meaning of a basic housing term related to foreclosure and ...

In January there was a seven-fold increase in foreclosure starts as compared to December, with roughly 33,000 loans referred to foreclosure, according to a report from mortgage data and analytics ...

Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re looking for a primary residence, a second home, or an investment property. But there are risks to ...