As-is Banks Real-estate owned 
Housing Wire
NOVEMBER 11, 2020
As for foreclosure filings – including default notices, scheduled auctions or bank repossessions – approximately 11,673 U.S As for foreclosure filings – including default notices, scheduled auctions or bank repossessions – approximately 11,673 U.S properties began the foreclosure process in October. properties filed in October.
Housing Wire
JULY 17, 2024
There is no escaping the reality that the recent NAR/Sitzer/Burnett settlements is already changing the real estate world as we know it. But what about the case of the transaction in which a bank-owned or real estate-owned property (REO) is being sold? Dramatic change is what it means.
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Housing Wire
FEBRUARY 22, 2024
Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. territories.
Housing Wire
FEBRUARY 21, 2023
As a seller if something is sitting out there a couple weeks and it’s not selling, the price is too high,” said Kearney, who has been investing through multiple real estate cycles and believes housing will not be rebounding substantially in the near term. “As These are market-based decisions.” There’s no good news around the corner.
HomeLight
SEPTEMBER 1, 2020
If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?
HomeLight
AUGUST 31, 2020
Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. The reality is, there are a variety of substantial pros and cons that any would-be buyer should weigh seriously before purchasing a bank-owned property.
HomeLight
SEPTEMBER 1, 2020
But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. A “real estate owned,” or REO, home is one that’s owned by a bank. Whatever the case, now the house belongs to the bank. Source: Clara Lilley / Unsplash).
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