US Bank Owned Homes (REOs)

Bank owned properties may also be called real estate owned (REO) properties because they are owned by a bank or other lender, usually due to repossession of the home after the failure of the homeowner to pay a debt.

US REO properties represent a significant opportunity for both real estate investors and homeowners, since banks will often place REO homes for sale in order to “clear the books” of the debts associated with the properties. It can be a great chance to purchase a home at a discount.

Finding REO Homes and Bank - Owned Properties in US

Buyers seeking US bank owned homes can find national listings on the RealtyTrac nationwide database. No matter what market interests you, the best and most up-to-date information will be found here as well as resources and information on getting the best deal for you.