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A home becomes a bank-owned property after the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned or REO homes, REO ...
Real estate owned (REO) properties offer the opportunity to purchase homes for attractive prices to home buyers who can navigate the specifics of how these properties come to market. REOs usually ...
With more and more "distressed" (foreclosed) homes up for sale, a bank-owned home may be the way to go if you are considering buying a house. But experts say buying from a bank is very different ...
Columbia is the capital city of the U.S. state of South Carolina.With a population of 136,632 at the 2020 census, it is the second-most populous city in South Carolina. [7] The city serves as the county seat of Richland County, and a portion of the city extends into neighboring Lexington County.
In 1913, the Homestead Bank was founded in Columbia, South Carolina, and later became Commercial Bank and Trust Company of South Carolina. In 1964, the Holding brothers — Frank, Lewis and Robert, who were part owners of First Citizens Bank and Trust of North Carolina - acquired a controlling interest in Anderson Bank of Dillon, South Carolina, which had one location and sixteen employees.
The lender is cooperatively owned by 16 local associations. [4] These associations, operating as Farm Credit and Ag Credit associations, provide real estate and production financing to about 80,000 farmers, agribusinesses, and rural homeowners. [5] AgFirst is headquartered in Columbia, South Carolina in the former Bank of America Plaza. [6]
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