What is an REO?

A foreclosure occurs when a property owner cannot make principal and/or interest payments on a loan. The property then goes through the foreclosure process and is placed for sale by auction. If the opening bid is not met, the property becomes a REO or real estate owned.
One of the advantages is that once a foreclosed property is an REO, its title is usually clean.
REO Resources & Discussions
Bank REO Discussion Forum
Challenges of Buying Bank REO Investment Properties
Eight Tips for Bidding on and Buying REOs
Is There A Perfect Time To Make An Offer On An REO?
Purchasing Bank-Owned Properties – The Good, the Bad, and the Ugly
Search Bank Owned REO Listings Free
NOTE: This Bank REO list has been taken and reproduced by many sites, but only www.financialfitnesstoday.com maintains the most up to date list for your convenience.
National REO Banks
HomePath.com – FannieMae’s REO Search
21st Mortgage Corporation – REO Search (mobile homes)
Bank of America – REO Search
Bank of the West – REO Search
BBVA Compass – REO Search
Branch Banking & Trust (BB&T) – REO Properties Search
Chase Bank – REO Search
CitiMortgage – REO Search
City National Bank – REO Search
Fifth Third Bank – REO Search
First Citizens Bank -REO Search
Flagstar Bank – REO Search
HSBC – REO Search
IndyMac Bank -REO Search
Key Bank – REO Search
M&T Bank – REO Search
Mercantil Commercebank (MCB) – REO Search
OCWEN – REO Search; See also Hubzu for REO Searches and Auctions
People’s United Bank – REO Search
PNC Financial Services – REO Search
Regions Financial Corporation – REO Search
Republic Bank – REO Search
Suntrust Mortgage – National REO Search
TCF Bank – REO Search
Trustmark Banking -REO Search
Union Bank – REO Search
United Community Bank – REO Search
U.S. Bank Home Mortgage – REO Search
Washington Federal – REO Search
Wells Fargo – REO Search
BayView REO – REO Search
Our Partners:
Find Foreclosure Listings Nationwide
Regional REO Banks
1st National Bank of Scotia – New York REOs
Arvest – AR, IL, KS, MO, OK, TX REO’S
California Bank & Trust – CA REO’s
Capital Bank – NC, FL, SC, TN REO’s
Central Bank – MN, WI REOs
Coast and Country – Southern California
Community Commerce Bank – California REOs
Falcon International Bank – TX REOs
First Bank – NC, SC, VA REOs
First Federal Bank of California – California REOs
First Midwest Bank – IL, IN REOs
First National Bank of Alaska – Alaska REOs
First Northern Bank – CA REO’s
First Tennessee – Tennessee REOs
NewBridge Bank – North Carolina, Virginia REOs
Plumas Bank – CA REOs
Provident Bank – NJ REOs
REODenver.com – Denver, CO REOs
River City Bank – CA REOs
Third Federal Bank – OH, FL REOs
Tomato Bank – CA REOs
Unity Bank – NJ, Pennsylvania
Valley National Bank – NY, NJ REOs
Vectra Bank – CO REOs
Virginia Housing Development Authority (VHDA) – Virginia REOs
Westamerica – CA REOs
Zions Bank – CO, ID, MT, UT Properties

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