What a repo (repossessed) home really is
Repo homes are homes that have been taken back by a lender. Also called bank foreclosures or REOs, this commonly takes place once borrowers default on their home mortgage loans, causing the banks to buy back the homes at foreclosure auctions to recover the losses. Repossessed homes can be very advantageous and cost-effective to the smart home buyer who wants a deal on a primary residence, vacation home, or rental property. Buying repossessed houses can also be a good way to get rental real estate for below market value. Finding repo homes is convenient with RealtyTrac, the leading foreclosure resource on the net.
Gathering repo home information
RealtyTrac, the leading online foreclosure destination, makes it easy and convenient for you to find repossesed home listings, saving you time and effort. Membership includes access to hundreds of thousands of foreclosure listings, live customer support, helpful analysis tools, and so much more. In addition, our trusted third-party network refers members to agents, lending institutions, movers, contractors, and other real estate pros. We’ll even email you daily notifications of new repossesed home listings that match what you’re looking for!
Pin-pointing repo homes
RealtyTrac provides members with all the listings and tools necessary to locate and buy a repossesed property, whether you're a first-time homebuyer or an experienced real estate investor. Our vast database has plenty of repossesed property listings in every state, and we make it easy for you to find them. Register now for our free trial, and find properties today!
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Visit Foreclosure Center
Visit our Foreclosure Center to read more detailed information about foreclosures.