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 ...

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 ...