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

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

    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 ...

  3. Is It Ever a Good Idea to Buy a Bank-Owned Home? - AOL

    www.aol.com/finance/ever-good-idea-buy-bank...

    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 ...

  4. Subsidized housing in the United States - Wikipedia

    en.wikipedia.org/wiki/Subsidized_housing_in_the...

    Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...

  5. Tips on buying a bank-owned home - AOL

    www.aol.com/.../26/tips-on-buying-a-bank-owned-home

    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 ...

  6. 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".

  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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