What Are Bank Owned Homes?

[hamlin]

In the aftermath of the recent financial crisis, the number of homes and bank owned properties other distressed by the roof. It is important to keep in mind that the number one cause.The owning bank foreclosure home, and there was much to Some of these lately. This means that there are many out deals there, both good and bad, for properties owned banks..

 

[DonalyPiter]

Can you please tell where exactly it's happened ?

 

[rijbadgett]

is bank owned property same as foreclosed property?

 

[DarrenG]

Thank you for clearing it up. I believe that a foreclosed home is an REO, but not sure of it