An REO house is a type of property that has been repossessed by the mortgage lender because the previous homeowner defaulted on their home mortgage loan. When a default occurs, the REO authorities will repossess the house and sell it at public auction in order to retrieve the amount of the outstanding debt. Auctions such as these present a good opportunity for homebuyers and real estate investors, as an REO house sold at auction will often go for much less than it would on the open market. This means that a shrewd investment can save you lots of money on your next home, or leave a great margin for profit on an investment property!
ForeclosureRepos.com can help you find a great REO house anywhere in the country. We maintain a database of over 500,000 REO house and other types of foreclosure listings from every state. Whether you're looking for a new home, a vacation house or a profitable investment, you can find it with our easy search tool which allows you to target property types and locations around the country. We also offer 24-hour customer support and a wealth of helpful information to help you get started.
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Select a state in the list below for foreclosure listings of bank foreclosures for sale.