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8 result(s) displayed (1 - 8):

February 10, 2011

Real Estate Owned By Banks

Real estate owned by banks refers to property that has been repossessed by mortgage lenders through loan default. It can be advantageous to seek out bank owned foreclosures because these properties are often sold below market value.

Real estate owned by banks is no different than properties listed for sale by private sellers. Banks list properties through local realtors and buyers submit offers to the bank. The majority of lenders require buyers to prequalify for lending prior to placing offers on bank foreclosures.

Real Estate Investing article on "Real Estate Owned By Banks "

August 09, 2010

Real Estate Buying Bank Owned

Real estate buying bank owned refers to purchasing properties that have been repossessed by mortgage lenders. Bank owned properties consist of foreclosure real estate that did not sell through public auctions or were held by lenders until market conditions improved and could be sold at a higher price.

Real estate buying bank owned has become a popular strategy amongst real estate investors, home buyers, and business owners looking for cheap commercial properties. Bank owned foreclosures are often priced upwards of 20- to 30-percent below appraised value. Properties are sold directly through each bank's loss mitigation division or their assigned realtors

Real Estate Investing article on "Real Estate Buying Bank Owned "

May 18, 2010

Remax Real Estate Buying Bank Owned Foreclosure List

The Remax Real Estate buying bank owned foreclosure list is an excellent resource for locating properties priced below market value. When banks repossess foreclosure houses they often assign Remax realtors to list properties and handle all facets of the sale.

The Remax Real Estate buying banked owned foreclosure list consists of all types of real estate making it a good resource for first time home buyers and real estate investors. Discounted properties range from residential homes to commercial real estate, as well as industrial parks, retail outlets, golf courses, and raw land.

Real Estate Investing article on "Remax Real Estate Buying Bank Owned Foreclosure List"

April 22, 2010

Bank of America Real Estate Buying Bank Owned

Bank of America Real Estate buying bank owned offers home buyers and real estate investors the opportunity to buy houses at reduced prices. While many people are concerned about buying distressed properties, bank owned real estate is relatively risk-free compared to bidding on properties through foreclosure auctions.

The Bank of America Real estate buying bank owned foreclosure list is comprised of both residential and commercial properties, as well as vacant land. Residential foreclosure homes include single family residences, condominiums, townhomes, mobile homes and multi-family dwellings.

Real Estate Investing article on "Bank of America Real Estate Buying Bank Owned"

August 14, 2009

Bank Owned

Bank owned refers to real estate that has been repossessed by the bank because the borrower was unable to maintain their mortgage payments. Bank owned real estate is oftentimes referred to as real estate owned or REO properties.

Bank owned real estate is foreclosure property which did not sell at auction. Once property has been foreclosed it is first place for sale through public auction. If no acceptable bids are placed, the property is returned to the bank. At this point, it becomes the mortgage lender's responsibility to maintain the property until sold.

Real Estate Investing article on "Bank Owned"

February 15, 2009

Bank Owned Properties

Bank owned properties refer to real estate which has been returned to the lender. Also referred to as real estate owned or REO, bank owned properties can consist of land, single dwelling homes, condominiums, apartment buildings, manufactured homes and commercial real estate.

Bank owned properties can be sold directly through the lender or a licensed realtor. Most REO property is priced under market value. In some cases, buyers can purchase bank owned real estate at savings of up to 40-percent. However, the average savings hovers between 10- and 15-percent

Real Estate Investing article on "Bank Owned Properties"

August 26, 2008

Flipping Houses

Flipping houses has been popular amongst real estate investors for nearly a decade. This type of real estate transaction involves purchasing low-cost homes and quickly reselling them for profit. Oftentimes, investors purchase distressed properties through foreclosure auctions or banks who offer real estate owned (REO) houses.

There are two ways to make money flipping houses. The most common is to purchase houses significantly under market value, make necessary repairs and renovations, than sell the home within a short timeframe. The majority of investors involved in house flipping generally attempt to complete deals within 90 days or less

Real Estate Investing article on "Flipping Houses "

February 09, 2008

REO Properties

REO properties include real estate which is owned by the bank. Properties can include single-dwelling homes, multi-family dwellings such as duplexes or apartment buildings, commercial property, farms and vacant land.

A common misconception is REO properties are sold for pennies on the dollar. This is typically not the case. Banks want to recoup their losses and at least break even on their investment. Therefore, most REO properties are sold for the amount due on the note. Currently, few banks accept less than ninety-five cents on the dollar. However, as foreclosure rates continue to escalate, banks will be forced to accept lower amounts in order to liquidate their inventory.

Real Estate Investing article on "REO Properties"