The term REO home refers to properties that are scheduled to be sold at public auction due to the previous owner's default on their home mortgage loan. When a default occurs, the lender will pursue a foreclosure auction in order to retrieve the amount lost on the loan. Buying an REO home at auction can be a very wise investment, both for first-time homebuyers and experienced real estate speculators. Often, an REO home can be purchased for far below its true market value at auction. It can be a great way to both save money and leave extra room for profit.
ForeclosureRepos.com can help you find a great REO home anywhere in the country. With a database of over 500,000 listings at your disposal, you're bound to find a great property that fits your needs. And with the added benefit of our 24-hour customer support and a whole host of information and advice, there's no better way to find a great deal on an REO home and get the support and information you need to make good investments!
Whether you're a first time homebuyer or a seasoned investor, ForeclosureRepos.com can be an excellent way to save money on your next home, vacation house, or investment property. Sign up for our seven-day trial today and come start searching for the REO house of your dreams today!
Select a state in the list below for foreclosure listings of bank foreclosures for sale.
|Mortgage Type||Today||Last Week||Change|
|30 yr fixed mtg||3.46%||3.47%||-0.01%|
|15 yr fixed mtg||2.84%||2.84%||+0%|
|30 yr fixed mtg refi||3.43%||3.43%||+0%|