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  2. Bank-owned properties: What are they and where can I ... - AOL

    www.aol.com/finance/bank-owned-properties-where...

    Before becoming bank-owned, the property was likely available to buy as a foreclosure sale, but didn’t sell during that process. So, ownership officially transferred to the bank — the final ...

  3. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    Real estate owned. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender —typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1] A foreclosing beneficiary will typically set the opening bid at such an auction for at ...

  4. Land banking - Wikipedia

    en.wikipedia.org/wiki/Land_banking

    Syracuse Land Bank property, Syracuse, New York Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.

  5. For sale by owner - Wikipedia

    en.wikipedia.org/wiki/For_sale_by_owner

    For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property. Typically, they represent themselves with the help ...

  6. Five Topeka properties go into city land bank to use for ...

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    Topeka's Land Bank Pilot Program. The city governing body voted in 2023 to set aside $500,000 for a three-year Land Bank Pilot Program. The goal of the program was to transform vacant and blighted ...

  7. How to buy land: A step-by-step guide - AOL

    www.aol.com/finance/buy-land-step-step-guide...

    Pay down debts to lower your debt-to-income ratio, and start saving enough to cover a potentially hefty down payment — lenders typically require 20 to 25 percent down for raw land. 2. Compare ...