REO.NET: Real Estate Owned - Bank Foreclosed Property for sale. Search, and find your next home or investment.

A "Real Estate Owned" (REO) property is a property owned by a lender, usually a bank, after an unsuccessful sale at a foreclosure auction. A bank will often set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders, then the bank will legally take the property. As soon as the bank repossess the property, it becomes a REO, Real Estate Owned, property on their books and is categorized as a non-performing asset. These REO properties may provide you with a great value if you take the time to research them.

Below find links to many properties that have been foreclosed, and are now owned by the bank or lender.

1. Fannie Mae. Search, Featured GSE REO properties, alerts and map search. English and Spanish.
   
   
2. Freddie Mac. Database search.
   
   
3. HomeSales.gov HUD USDA VA. U.S. Departments of Housing and Urban Development (HUD), Agriculture (USDA/Rural Development), and Veterans Affairs (VA) map search and search by State.
   
   
4. HUD Homes. Pemco database search.
   
   
5. Sallie Mae Financial Services Properties.
   
   
6. Small Business Administration (SBA) Properties.
   
   
7. FDIC Real Estate Owned

1. Bank of America REO. Database search.
   
   • Countrywide REO included in BofA search.
   
   
2. Wells Fargo REO. Database search.
   
   • Wachovia Bank REO(Wells Fargo Co). Database search.
   
   
3. JP Morgan Chase Bank. Database search with featured properties.
   
   
4. Citibank. Database search.
   
   
5. PNC Financial Services Group. Map search. Residential and Commercial listings.
   
   • National City Mortgage acquired by PNC October 2008. See: http://www.ncmcreo.com/.
   
   
6. U.S. Bank Home Mortgage. Report listings by State.
   
   
7. Suntrust Banks. Database search.
   
   
8. BB&T Corp - Branch Banking and Trust. Database search.
   
   • Colonial BancGroup acquired by BBandT - August 2009.
   
   
9. Regions Financial Corporation. Database search.
   
   
10. HSBC. List by State.
    
    
11. Fifth Third Bank. Database search with featured properties.
    
    
12. Key Corp Bank. Database search.
    
    
13. Zions Bank. Residential REO database search. Commercial REO list.
    
    
14. Marshall & Ilsley Corporation. Single Family REO and Land REO search.
    
    
15. Huntington Bancshares Inc. Database search with recent listings feature.
    
    
16. Synovus Financial Corp. Residential, Commercial, and Land REO database search.
    
    
17. Banco Popular. US Territory of Puerto Rico REO. List of foreclosed homes by city.
    
    
18. GMAC Mortgage. National REO Search.
    
    
19. City National Bank OREO. Residential, Commercial, and Land listings.

1. IndyMac Bank. Database search and email alerts.
   
   
2. People's United Bank. Residential and Commercial REO lists.
   
   
3. VirtualBank (a division of Lydian Trust Company). List by State & City.
   
   
4. BBVA Compass Bank. Properties search.
   
   
5. EMC Mortgage. Lists in PDF file format.
   
   
6. American Home Mortgage.
   
   
7. First National Bank of Alaska. AK REO.
   
   
8. National Bank of Arizona. AZ REO.
   
   
9. Home Loan Investment Bank REO. Florida, North Carolina, and Tennessee. FL REO, NC REO, TN REO.
   
   
10. 1st National Bank of Scotia. New York REO.
    
    
11. Carolina First Bank. NC REO, SC REO.
    
    
12. NewBridge Bank. NC REO, VA REO.
    
    
13. Unity Bank. NJ REO.
    
    
14. Regions Bank.
    
    
15. Virginia Housing Development Authority (VHDA). VA REOs

1. Altisource Homes by GoHoming. Database search. Asset aggregation bidding (includes Ocwen Financial).
   
   
2. BayView REO. Commercial and Residential REO. Search by query, map, and state lists. National.
   
   
3. IAS - Integrated Asset Services. Database search.
   
   
4. Mortgage Corporation. Manufactured homes REO.
   
   
5. M&T Bank. Featured home. Database search and search by state. Also has list for boats, RVs, and commercial equiptment.

1. Fannie Mae. Pool and trust search.
2. Ginnie Mae. Prospectus search, REMIC offerings, SMBS, calendar, more.