Buying a foreclosed home can be a good way to score a deal while house hunting. Here's how a foreclosure sale works.

When a listing says a property is being foreclosed on, some buyers see it as a red flag-but savvy ones know it can actually ...

Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

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 ...

I spent most of my real estate career managing and selling foreclosures, listing and selling over 25,000 single-family foreclosures before I stopped counting. During this time I formed the National ...

The Federal Housing Finance Agency (FHFA) has directed the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to alter one of their policies relating to the sale of real estate-owned ...