What is REO when it comes to real estate? It stands for real estate owned, and it’s a term you’ll see when a bank or lender takes ownership of a home after a failed foreclosure auction. When a ...

A real estate-owned (REO) foreclosure offers investors or potential homeowners the opportunity to secure a property under market value. REO properties have proven that they warrant the attention of ...

Buying a foreclosure at auction can be a great deal, but success requires plenty of preparation. These deals have some risks — limited inspections, tight deadlines, among other things — so considering ...

"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 ...

"Are foreclosure properties bargain purchases?" That was one of the many questions asked of me when I was in Sarasota recently for an "Ask the Experts" day. I replied that the primary reason to buy a ...

NEW YORK -- If you've ever seen those infomercials promising untold riches just waiting to be tapped in the real estate market, Wesley Barney has a message for you: It's not quite that easy. Some 18 ...

If you’ve watched shows like HGTV’s Bargain Block, or follow Cheap Old Houses or similar accounts on Instagram, you’ve likely noticed that some older homes—especially ones that tend to need a lot of ...