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What is a REO Home?
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!
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| Mortgage Type | Today | Last Week | Change |
| 15 Year Fixed | 4.498% | 4.636% | -0.138% |
| 30 Year Fixed | 4.989% | 5.148% | -0.159% |
| 1 Year ARM | 3.373% | 3.494% | -0.121% |
| 3/1 Year ARM | 3.508% | 3.625% | -0.117% |
| 5/1 Year ARM | 3.540% | 3.661% | -0.121% |
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