Bank repossessions represent a great way to find a fantastic deal on a home. Foreclosure.com adds new listings every day.
Bank repossessions – or Real Estate Owned properties (REOs) – are great investment opportunities because lenders are often in a rush to sell these foreclosure homes. It's not uncommon to buy these properties for 30-50 percent lower than market value!
With foreclosures on the rise across the United States, this market is hot!
If a homeowner defaults on a mortgage, meaning he or she cannot make the mortgage payments, the lender will seek to repossess the home. After the repossession process is complete, the bank owns the property and will try and sell it to recover its losses.
Banks and others government agencies repossess thousands of properties through various seizure and bankruptcy laws every month.
Instead of scouring the daily paper trying to find these bargains, Foreclosure.com offers a convenient way to find them easily from the comfort of your own home. In fact, we are the nation's most accurate and comprehensive source of bank repossessions and REO properties.
We help you save time and money.
Don't be fooled by other foreclosure sites that exaggerate their numbers with data that is outdated and useless. Every day, we update our listings to include the latest bank repossessions to hit the market. That means your ideal property may only be a day away!
Investing in real estate can be a financially rewarding experience. Whether this is your first real estate purchase or you are a seasoned investor, buying foreclosures, preforeclosures, bankruptcies, or distressed properties can give you instant savings and equity in your home.