enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

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

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

   Key takeaways. 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 ...

3. 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]

4. 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 ...

5. 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".

6. What Is an REO? - AOL

   www.aol.com/news/2013-03-15-reo-bank-owned-home.html

   It is not known exactly how many more bank-owned homes will come to the market, as banks have been doing more aggressive loan modifications and other foreclosure alternatives, but the numbers will ...

7. Buying a home after foreclosure - AOL

   www.aol.com/finance/buying-home-foreclosure...

   A foreclosure stays on your credit report for up to seven years and will lower your credit score significantly, often by as many as 100 points, according to Equifax.. 2. Focus on improving your ...