SoldbyCisco.com BLOG

After a Trustees Auction or when the lender is either the successful bidder or there are no bids at all. In either case, the bank becomes the legal property owner and the property is considered a non-performing asset of the bank. When ownership is transferred to the bank as a result of foreclosure, these  Bank Foreclosures are often referred to as either REO Real Estate Owned. Property that is in the possession of a lender as a result of foreclosure or froteiture or Bank Owned properties. At this stage, the key point to remember is that banks typically are not in the business of managing real estate, nor do they want to be. This can create a solid opportunity to buy property at a great price.

I can provide you with a Bank Owned Property List. Simply Call or Fill out the form below for a CURRENT LIST OF REO'S IN YOUR TARGET AREA!

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