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

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

    Key takeaways. Homes become bank-owned properties after homeowners default on their mortgages and the bank forecloses. If no one opts to buy a foreclosure home at auction, the bank or mortgage ...

  3. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    REO sale property in San Diego, California. 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]

  4. 2010 United States foreclosure crisis - Wikipedia

    en.wikipedia.org/wiki/2010_United_States...

    [3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]

  5. Bank of America to Halt Foreclosures Nationwide - AOL

    www.aol.com/news/2010-10-08-bank-of-america-to...

    Bank of America (BAC) plans to halt foreclosure sales across the nation, as it reviews whether it handled its foreclosure documentation and procedures properly, the banking giant said Friday.

  6. What Is an REO? - AOL

    www.aol.com/news/2013-03-15-reo-bank-owned-home.html

    It is not known exactly how many more bank-owned homes will come to the market, as banks have been doing more aggressive loan modifications and other foreclosure alternatives, but the numbers will ...

  7. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".

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