What is REO when it comes to real estate? It stands for real estate owned, and it’s a term you’ll see when a bank or lender takes ownership of a home after a failed foreclosure auction. When a ...

Buying a foreclosed home can be a good way to score a deal while hunting for real estate. A foreclosure is a house whose owners were unable to pay the mortgage or sell the property. As a result, the ...

A total of 35,498 U.S. properties were hit with foreclosure filings last month -- which include default notices, scheduled auctions, and bank repossessions. That figure marked a modest 1% decline from ...