Bank owned properties, aka real estate owned or REO, are those that have been taken over by lenders due to problems paying the mortgage. These properties may be sold at bargain prices to move quickly.

LOS ANGELES (AP) — Lenders took possession of fewer U.S. homes in 2012 than a year earlier, as the pace of new homes entering the path to foreclosure slowed and banks increasingly opted to allow ...

The sale of repossessed houses at knockdown prices is unfair, unconstitutional, and a human rights and dignity issue, as it leaves financially distressed individuals with huge debts, when they have ...

LOS ANGELES -- Lenders took possession of fewer U.S. homes in 2012 than a year earlier, as the pace of new homes entering the path to foreclosure slowed and banks increasingly opted to allow troubled ...

LOS ANGELES -- The number of U.S. homeowners who were put on notice for being behind on their mortgage payments fell in May to the lowest level since 2006, the result of a slowing housing market and ...

More than half the repossessed houses in the Richmond area are still occupied by the previous owners, according to a report released Wednesday by an online property researcher. The former owners live ...