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Despite moratoria, foreclosures increase 20% in October

Housing Wire

As for foreclosure filings – including default notices, scheduled auctions or bank repossessions – approximately 11,673 U.S Bank repossessions on REO homes (real-estate owned) were also up 28% from last month for a total of 2,577 U.S properties filed in October. Presented by: Sutherland. properties.

Banks 497
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Opinion: Brokers should consider a new model for post-Burnett world

Housing Wire

But what about the case of the transaction in which a bank-owned or real estate-owned property (REO) is being sold? Under current guidelines, a buyer cannot finance the buyer’s agent commission into their mortgage, either. The new reality is REO buyers directly approaching seller agents and brokers.

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How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

HomeLight

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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13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

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?

Banks 98
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What Are the Pros and Cons of Buying a Bank-Owned Home?

HomeLight

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.

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The 13 Best Real Estate Investing Classes Online 2025

The Close

These courses have hundreds of on-demand videos covering writing a business plan , balance sheets, financing, pricing, technology, and tons more. Whether you own one unit or building or want to scale your business to the next level, Baselane can help. Baselane is a new banking platform built specifically for independent landlords.

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Best Foreclosure Websites to Find Homes

HomeLight

These websites compile data from banks, government agencies, and real estate services to provide comprehensive listings of homes that are being sold due to the owner’s inability to meet mortgage obligations. Get Started What are foreclosure websites? Inventory on the BofA site is limited.