Bank Owned Foreclosures

bank owned foreclosure

Bank owned foreclosures, or REO’s (Real Estate Owned) as they’re called in the industry, can be some of the best deals out there. However, they are usually not in the best condition. So if you’re not up to doing some repairs or upgrades or willing to hire someone to do this, please be careful.  But if you’d like to save a lot of money and in exchange you have to replace the carpet or add some paint or appliances, then these deals are for you.