A real estate-owned (REO) foreclosure offers investors or potential homeowners the opportunity to secure a property under market value. REO properties have proven that they warrant the attention of ...

Buying a house right now is a nightmare. Just a few years ago, lenders were giving out 3% mortgages left and right, but today, interest rates are hovering at around 7%. Meanwhile, home prices are ...

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.

The number of residential properties in the process of foreclosure is up 5% from Q4 and nearly 30% YoY. Among the pre-foreclosure properties, 8,141 are zombie foreclosures, up 5.4% from Q4 and 10.6% ...

Luke Daugherty is a freelance writer, editor and former operations manager. His work covers operations, marketing, sustainable business and personal finance, as well as many of his personal passions, ...

Foreclosures are once again creeping higher across the country, with thousands of homeowners facing the legal process of losing their homes.

In January there was a seven-fold increase in foreclosure starts as compared to December, with roughly 33,000 loans referred to foreclosure, according to a report from mortgage data and analytics ...

The increase could be partially due to rising unemployment and stalling job creation.