When a homeowner defaults on a home loan, the bank often forecloses on the house and it becomes a bank owned or real estate owned property, more commonly known as an REO property. REO properties are often purchased by institutional buyers who own real estate investment trusts or make large scale private purchases. The process of buying a reo property is a complex one, though the process of finding REO property for sale is less so. In this article, we’ll explore the questions of how to find REO properties and how to buy REO properties.
How to Find REO Properties
Though Reo property listings are included in trad