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Bank owned properties (also known as REO properties) are those where the lender/bank has taken ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction. The lender usually sells the property to recover the unpaid loan amount.
Bank owned properties can offer a potential opportunity for home buyers or investors to purchase a property at a discounted price.
Search banked owned properties now.
For more information on bank owned properties or foreclosure information contact us or call
1-800-637-6341
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