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

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

    Bank-owned properties may also be referred to as real estate owned, or REO. You can find bank-owned properties through sources like banks' online listings or RealtyTrac.

  3. BofA Plans to Rent Foreclosed Homes to Former Owners - AOL

    www.aol.com/news/2011-12-12-bofa-planning-to...

    By Jon Prior Bank of America is looking at a new program to rent a home back to the borrower after foreclosure. "There are programs that we are quite interested in," said Ron Sturzenegger, who ...

  4. National Community Stabilization Trust - Wikipedia

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

    According to U.S. Banker, the Stabilization Trust was "created to act as a middleman between cities looking to acquire abandoned properties and the lenders looking to unload them." [1] The Stabilization Trust was founded in 2008 in response to America’s foreclosure crisis following the bursting of the housing bubble.

  5. 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 ...

  6. Bank walkaway - Wikipedia

    en.wikipedia.org/wiki/Bank_walkaway

    The primary reason for bank walkaways is that a bank expects to lose money by foreclosing – when proceeds from a foreclosure sale are expected to be insufficient to cover the cost of the foreclosure itself, together with securing, maintaining, and marketing the home for sale. Thus, if the bank were to foreclose (taking ownership) and then ...

  7. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    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]

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