Closing Inspection contingency Real-estate owned 
HomeLight
MAY 17, 2022
Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. Real Estate Agent. Real Estate Agent at Compass RE Texas. Real-estate owned (REO) homes. That means one loan and one closing.
HomeLight
SEPTEMBER 1, 2020
The home is now bank-owned (sometimes also called REO, or “real estate owned”). As you weigh your options, really take a close look at which of your top choices offers the best value overall and which one might allow for significant gains in sweat equity via easily implemented corrections. Step 14: Closing time!
Redfin
MARCH 4, 2025
If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. Bank-owned properties Bank-owned properties, often called real estate-owned (REO) properties, are owned by the lender.
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