What is an REO?
REO stands for “Real Estate Owned”. These are properties that have gone through foreclosure and are now owned by the bank or mortgage company. This is not the same as a property up for foreclosure auction. A REO is a very clean and attractive transaction. The foreclosure process insures a clean title with no liens.
You may qualify for a $8000 Tax Credit if you are a first time home buyer or have not owned a home in the last 3 years. Read More»
ForeclosedDeals.com specializes in NEW HOMES, not resales. Be sure to preview all of the new homes offered here.
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