Bank owned properties are those properties that have been Foreclosed by the bank.  These properties are sent to the auction with a pre-determined minimum price,  If the minimum price is not met, title to the property reverts back to the owning bank/lien holder, thus Bank Owned. 

Bank Owned (REO) properties are purchased "As-Is" with no allowances for repairs or upgrades.  It is Critical that you always have a Home Inspection completed.  These properties can present some great values, although new paint, flooring and sometimes appliances and landscaping may be required.

Currently  over 1600 Bank Owned properties available - - HUNDREDS are priced at $150,000 or less.

I have over 35 years of real estate experience, please, let me know what you are looking for and I will do my best to find it for you!

 

I WANT TO BE YOUR REALTOR!