HomeLight

MAY 17, 2022

Real Estate Agent. Real Estate Agent at Compass RE Texas. Mary Stewart in Sugar Land , Texas, is in the top 1% of agents in her area for successfully selling homes. Stewart says that foreclosures may not take long to turn over if the mortgage company has already listed the property with an agent.

Inspection 115

Inspection Banks Short sale Title 115

HomeLight

SEPTEMBER 1, 2020

The home is now bank-owned (sometimes also called REO, or “real estate owned”). The process of buying a bank-owned foreclosure. First, it’s worth noting that the term “bank-owned foreclosure” is a bit of a misnomer. Step 1: Find the right agent. Not all agents do! Source: Hans M / Unsplash).

Banks 98

Banks Inspection contingency Inspection FHA loan 98

Redfin

MARCH 4, 2025

Bank-owned properties Bank-owned properties, often called real estate-owned (REO) properties, are owned by the lender. Youll need to coordinate with your real estate agent in order to tour these properties. Your agent will keep you updated on the process.

Pre-approval 31

Pre-approval FHA loan Short sale Banks 31

HomeLight

AUGUST 31, 2020

Here, we break down the major pros and cons of buying a bank-owned property to demystify the process and prepare potential buyers. What is a bank-owned home? A bank-owned home, also known as “real estate owned” (or REO for short), refers to properties that have been foreclosed with the ownership transferring to the bank or lender.

Banks 98

Banks Inspection Inspection contingency Title 98