Bank Auction Sites

Bank Owned Home

With the upturn in the national economy, families, couples and individuals all over the United States are looking to buy a new home. For some people this will be the first house, condominium or property that they have ever purchased. Many other people are selling the house they now own, to look for a place that fits their current lifestyle.

What is a β€œREO”

Bank Owned Properties are talked about as REO. The initials REO stands for β€œreal estate owned” or properties now owned by the bank, not their original owners. For this reason, working with a List of Local Bank Owned Homes is one way for future home owners to save money and find incredible deals.

Foreclosure

When we talk about Bank Owned Homes, home buyers should be aware of the various stages in which they can purchase foreclosed properties. Home buyers looking to invest in real estate can make their purchase before the official foreclosure auction takes place. Purchases of Bank Owned Properties at this time are said to be in β€œphase one.”

The second phrase where anyone can purchase Bank Owned Homes is at a public foreclosure auction itself. Prior to auction time, a List of Local Bank Owned Homes is available to all interested parties. This gives anyone wishing to bid a chance to check out these Bank Owned Properties, at least from their exteriors.

Finally, there are Bank Owned Homes for sale from the bank itself. Bank Owned Properties that are not sold during a real estate auction are available directly through the bank that owns them. A List of Local Bank Owned Homes is available, so buyers can inquire as to their price and arrange for a possible tour.

VISIT ANY LINK BELOW TO SEARCH FOR HOMES NATIONWIDE.

Govt Auctions

Why a List of Local Bank Owned Homes is important

A List of Local Bank Owned Homes is publicized because the majority of banking companies want to negotiate with buyers to rid themselves of these properties. An overabundance of Bank Owned Properties is great news for home buyers, but represents a loss factor for banks. Bank Owned Homes were originally owned by individuals who received loans from their financial reserves. There is great incentive in working with potential buyers to get these Bank Owned Homes sold as soon as possible.

There are many benefits for prospective buyers

Anyone looking to purchase a foreclosed home is likely to find a variety of advantages arising from this situation. Making a purchase of REO property directly from a bank or lending institution does not expose buyers to a great deal of risk. The sales process is not complicated, generally lacks competition and buyers can be sure of just whom they are purchasing a piece of property from.

ARVEST Arvest – AR, IL, KS, MO, OK, TX REO listings
Auctions Auction.com – Bank REO foreclosure auctions
Auctions Auction.com properties for SALE
Bank Link
BayView BayView REO properties
BB&T Branch Banking & Trust (BB&T) – REO properties list
BBVA BBVA Compass – Bank REO assets for sale
BOA Bank of America Foreclosure properties.
California California Bank & Trust – CA REO list
Centennial Browse Centennial Bank’s Properties for Sale,
Central Bank Central Bank – MN, WI REO asset list
Chase Chase Bank – Bank REO properties list
Citibank CitiBank Foreclosure properties
CitiMortgage CitiMortgage – Bank REO listing
City National City National Bank – Bank REO website
Coast and Country Coast and Country – Southern California bank owned property listings
Community Commerce Community Commerce Bank – California REO list
Falcon Falcon International Bank – TX REO properties
Fannie Mae Fannie Mae Properties – FannieMae’s REO Search
Fdic FDIC Properties – Federal Deposit Insurance Corporation properties
FDIC FDIC REO – Federal Deposit Insurance Corporation REO properties
FHFA FHFA REO – Federal Housing Finance Authority property listings
Fifth Third Fifth Third Bank – Bank REO site search
First Citizen First Citizen Bank Real Estate
First National Alasak First National Bank of Alaska – Alaska REO properties
First Tennessee First Tennessee – Tennessee REO properties
FlagStar Flagstar Bank – Bank REO sale properties
FlagStar FlagStar REO properties
Freddie MAC Freddie Mac REO – Freddie Mac real estate foreclosure listings
Home Path Home Path
Home Step Home Steps Sales of Homes
Homes Sales HomeSales.gov – Single family homes for sale by the U.S. Federal Government by public auction
HomeSearch HomeSearch – National REO asset auctions
Hubzu Hubzu – Great site for REO Searches and auctions
Hubzu Hubzu.com
Hud HUD homes for SALE
Hudson and Marshalls Hudson & Marshall – REO property auction listings
Hunting Residential Hunting Residential – REO Listings
Huntington Huntington Owned Residential Property Listings
IRS REO IRS REO – IRS real estate property for sale by auction at property site
Ist National 1st National Bank of Scotia – New York REOs
KeyBank Key Bank – REO property search
Keystone Keystone Asset Management Foreclosure Listings
LoopNet LoopNet properties for SALE
middlesex auctions http://www.middlesexcountynj.gov/Government/Departments/PSH/Pages/Foreclosures.aspx
M&T M&T Bank – REO asset search
Mercantil Mercantil Commercebank (MCB) – REO property list
New Bridge NewBridge Bank – North Carolina, Virginia REO listings
New Jersey Auction link
OCWEN OCWEN Financial Corp – REO listings
PennyMac PennyMAC – Search bank REO properties list
PennyMac PennyMac Foreclosure Listings
Peoples Bank People’s United Bank – REO Search
Peoples Bank Peoples Bank Properties
Pnc PNC Bank Properties for SALe
PNC PNC Financial Services – REO property list
Private Advanced REO properties search by home address
Private BuySellHomeNj.com properties.
Provident Bank Provident Bank – NJ REO asset listings
Realtor Realtor.com foreclosure
Regions Regions Bank Properties
Regions Regions Financial Corporation – REO listing search
REO Denver REODenver.com – Denver, CO REO properties
Republic Republic Bank – REO Search
SBA SBA REO – Small Business Administration REO property listings sold by online auction
SunTrust SunTrust Bank Properties
SunTrust Suntrust Mortgage – National REO Search
TDBANK TD Bank bank-owned foreclosed properties
Third Federal Third Federal Bank – OH, FL REO list
TRESURY REO Treasury Department REO – Government owned properties to be sold by public auction onsite
TrustMark Trustmark Banking – Bank REO listing search
Union Bank Union Bank – Search bank REO properties
United Communty United Community Bank – Listings of REO properties
Unity Bank Unity Bank – NJ, Pennsylvania REO listings
US BANK U.S. Bank Home Mortgage – Bank REO list
US MARSHALS U.S. Marshals Service Properties – Federal REO listings
USDA USDA REO – Foreclosed rural properties including ranches and farmland
Valley National Valley National Bank – NY, NJ REO properties
VAREO VA REO – Veterans Administration loan foreclosure properties
Wells Fargo Wells Fargo Bank properties
WestAmerica Westamerica – CA REO asset listings
Xome Xome – More bank REO properties listed for sale in the Southeast
Zillow Zillow Foreclosure homes
Zions Bank Zions Bank – CO, ID, MT, UT properties list