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

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

    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 lender or servicer ...

  3. Is It Smart to Buy a Foreclosed Home? Weighing the Pros & Cons

    www.aol.com/smart-buy-foreclosed-home-weighing...

    Bank-owned REOs are easier, but banks don’t make ideal sellers either. Expect plenty of red tape and a slower sales process. Government-owned foreclosed homes come with even more bureaucracy.

  4. 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".

  5. 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]

  6. 2010 United States foreclosure crisis - Wikipedia

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

    The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1] [2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank ...

  7. Mortgage Foreclosure Freeze Ends Soon — Here Are the Banks ...

    www.aol.com/mortgage-foreclosure-freeze-ends...

    The bank said that with very specific exceptions, all foreclosure-related activity on occupied properties and all evictions are being halted through the end of 2021.

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