Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.
According to ATTOM's Year-End 2024 U.S. Foreclosure Market Report, foreclosure filings--comprising default notices, scheduled auctions, and bank repossessions--were reported on 322,103 U.S. properties ...
Once a golden goose and a source of steady profit for real estate investors, the foreclosure auction market is going through a dramatic shift in 2025. The supply of distressed properties are ...
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