Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

NEW YORK, May 20 (Reuters) - Redwood Real Estate Partners, Inc said on Wednesday it launched a fund to buy up to $500 million in distressed residential real estate amid an expected surge in bank-owned ...

A host of homes recently put up for sale by industry billionaires include what Zillow says are some of the most desirable home amenities of the moment, including undercounter refrigerators, art-deco ...