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

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

   Before becoming bank-owned, the property was likely available to buy as a foreclosure sale, but didn’t sell during that process. So, ownership officially transferred to the bank — the final ...

3. How to Buy Foreclosures - AOL

   www.aol.com/news/2010-08-16-how-to-buy...

   Anthony Jackson, a second-grade teacher in Chicago's metro area, says the key to buying a foreclosure is to "strike early once you see the listing" and "don't bid too low." Jackson bought a bank ...

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

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

   Heard that you can score a great deal when you buy a foreclosure home for real estate investments? Buying foreclosed homes soared in popularity during the Great Recession as a wave of foreclosures ...

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. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. The grants are usually awarded to low- or moderate-income borrowers ...

7. What is a foreclosure? How it works and how to avoid it - AOL

   www.aol.com/finance/foreclosure-works-avoid...

   Judicial foreclosure: With a judicial foreclosure, the lender files a lawsuit and the borrower is notified of the non-payment. The homeowner has 30 days to make up the missed payments, otherwise ...