Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

If you remember the turmoil of the global financial crisis, hearing that foreclosure activity is up might make your knees ...

Want a bargain-priced property? Use these resources to look for bank-owned homes. Bank-owned properties can offer quite the deal. In most cases, these are homes that were passed up during a ...

Many of us think of properties that have gone into foreclosure as old, beat up places that no one would want to buy. However, the truth is that in today’s unstable economy, more and more gems are ...

Bank of America Corp. ended its freeze on foreclosures in 23 states earlier than some analysts had expected, but it is still reviewing its actions in California and 26 other states to make sure its ...

US foreclosure filings rose to over 101,000 last quarter. Inflation, a slowing job market, and high costs of homeownership ...

CLEVELAND, Ohio -- PNC Bank is the latest mortgage lender to halt foreclosures in the wake of a mounting controversy about potentially fraudulent documents from lenders. The Pittsburgh-based bank has ...

The sight of excavators tearing down vacant buildings has become common in this foreclosure-ravaged city, where the housing crisis hit early and hard. But the story behind the recent wave of ...