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.

Completed foreclosure auctions increased 31 percent to a 10-quarter high in the third quarter of 2025, according to the ...

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 ...

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 ...

Wells Fargo (WFC) has agreed to pay $42.5 million in a settlement with the Department of Housing and Urban Development and 14 private fair-housing groups for failing to maintain and market foreclosed ...

FILE - In this Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. (AP Photo/Steven Senne, File) HONOLULU (CN) — ...