Bank Owned Homes

A bank owned home or REO (Real Estate Owned "by the bank") results from a foreclosed property that wasn't sold at auction. Since the banks aren't in the business of owning real estate, they are motivated to unload REO properties quickly, and more often than now, they sell these properties under the fair market value. Several companies have done an excellent job compiling and updating a nationwide database of the bank-owned properties, so home buyers and real estate prospectors can easily identify those homes that might be of interest. We've listed those companies on this page.

CompanyListingsWebsiteService
Foreclosure.com5 out of 5 Stars5 out of 5 Stars5 out of 5 Stars
RealtyTrac.com5 out of 5 Stars4 out of 5 Stars5 out of 5 Stars

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