bank owned homes
Fed announcement makes noise in the interest rate market!!! The Fed announcement makes noise in the interest rate market. But beware, as usual, it may not have the impact that the headlines imply. We saw a drop yesterday and a move up today. Remember, the interest rate market is...
What is a Bank-Owned Home? Once a bank or lender has fully foreclosed on a property (Foreclosure Timeline) it becomes bank-owned. Most bank-owned properties are listed with real estate agents. Once the property is listed – it is commonly referred to as a REO or (“Real Estate Owned”). Are...