Repo homes or bank foreclosures are homes that are owned by the bank or lending institution. This happens when a landowner stops making payments to the loan and the banks are force to foreclose the homes. The banks usually purchases the repo homes back at a public auction to recuperate the losses. Investing in repo homes can be an excellent way to save money on a new home.
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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||4.52%||4.38%||+0.14%|
|15 year fixed||3.54%||3.42%||+0.12%|