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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. National Community Stabilization Trust - Wikipedia

    en.wikipedia.org/wiki/National_Community...

    The Stabilization Trust helps state and local programs acquire foreclosed and abandoned properties from financial institutions through its REO Property Acquisition Program by: Acting as a single point of contact with the leading financial institutions holding and managing these properties, thus saving considerable time and effort for local ...

  5. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Foreclosure floodwaters receded somewhat in 2010 in the nation’s hardest-hit housing markets. Even so, foreclosure levels remained five to 10 times higher than historic norms in most of those hard-hit markets, where deep fault-lines of risk remain and could potentially trigger more waves of foreclosure activity in 2011 and beyond.” [30]

  6. REO to Rental: Fannie Mae Dips Further Into Foreclosure Pool

    www.aol.com/news/2012-03-01-reo-to-rental-fannie...

    Fannie Mae waded further into the foreclosure pool on Monday as it released new details on its plan to sell its repossessed homes as rental properties. The pilot program, first announced in August ...

  7. Missing mortgage payments: How many can I miss before ...

    www.aol.com/finance/missing-mortgage-payments...

    Foreclosure is the subsequent and more final phase of the process, in which the lender takes possession of the home and may sell it to recover the loan balance, forcing the current owner to leave ...

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