With ForeclosureRepos.com, you'll be able to find lots of great listings for bank real estate easily and effectively from the comfort of your own home! As one of the leading providers of listings for bank real estate, we'll show you how to pursue great deals on all kinds of properties available from banks. We'll even show you how to save big when you buy bank property!
The term bank real estate refers to properties that are owned by a bank due to a foreclosure or bank repossession of a homeowner's property. Basically, they begin when a homeowner defaults on their home mortgage loan. When a homeowner cannot make further payments towards their mortgage, the lending bank will be forced to pursue a foreclosure in order to gain the right to repossess and sell the homeowner's property through a foreclosure auction. The lending bank then uses the proceeds of the sale in order to settle the default debt owed by the lender.
The interesting part of a bank real estate of this kind is that many lending banks only need to foreclose and sell the home to retrieve the unpaid portion of the loan. Since they only need to collect a part of the loan and not all of it, they are therefore able to undersell bank real estate and bank owned homes and still gain the money necessary to settle the debt. This means that homebuyers and investors can find great savings on homes, as well as create a big margin for profit on future sales, all by buying bank foreclosure real estate for below market values.
ForeclosureRepos.com can help you find thousands of great bank owned properties in every state with our online database of bank real estate listings. You can search by a number of criteria to locate the exact types of homes and locations you need. We also provide all kinds of helpful educational information on buying bank real estate and bank foreclosure homes, so anyone can learn to become an expert, regardless of your real estate experience! You'll also receive our 24-hour Customer Support as backup, so you'll always have someone to help you with any aspect of your search for bank real estate.
Come to ForeclosureRepos.com today and learn more about buying great bank real estate for savings of anywhere from 10 to 50% off on real estate!
Select a state in the list below for foreclosure listings of bank foreclosures for sale.
|Mortgage Type||Today||Last Week||Change|
|30 year fixed||4.36%||4.32%||+0.04%|
|15 year fixed||3.38%||3.34%||+0.04%|