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 ...

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

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 ...

Heard that you can score a great deal when you buy a foreclosure home for real estate investments? Buying foreclosed homes soared in popularity during the Great Recession as a wave of foreclosures hit ...

"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 ...

Get guidance from trusted mortgage experts. Preforeclosure is the last stage before the foreclosure process begins. During this period, homeowners in default can still get back on track with their ...

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 ...