REO homes are properties that have been scheduled for foreclosure because the previous owner defaulted on their home mortgage loan. In order to retrieve the amount lost on the loan, the lender will often pursue a sale of the property at public auction. Fore homebuyers and real estate investors, these public auctions can be great opportunities to purchase REO homes for far less than their real market value. Whether you're looking for a new home, a vacation getaway or a profitable investment property, REO homes and auctions can be a great way to save money and leave big margin for profit if you choose to resell.
ForeclosureRepos.com makes finding great REO homes easier than ever before. We maintain a detailed database of over 500,000 REO homes and other foreclosure properties that are currently available in every state in the country. With an easy-to-use search feature and constantly updated listing information, our members can effectively target the homes they want in any location. We also offer a 24-hour customer support service, as well as lots of helpful educational information, making ForeclosureRepos.com the most complete foreclosure service package available.
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Select a state in the list below for foreclosure listings of bank foreclosures for sale.
|Mortgage Type||Today||Last Week||Change|
|30 year fixed||4.32%||4.26%||+0.06%|
|15 year fixed||3.36%||3.27%||+0.09%|