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This property is Real Estate Owned, or REO. The property was foreclosed and repossessed by a lender when the owner failed to make payments. A bank is now the owner. Since banks are not in business to own homes, they are usually interested in selli...Over 4 weeks ago on HudForeclosed(subscription req.)Tools
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The government sponsored agencies Fannie Mae or Freddie Mac own this property after foreclosing on the original owner. Fannie Mae and Freddie Mac are chartered by the U.S. government to help families of low- and moderate-income to become homeowner...Over 4 weeks ago on HudForeclosed(subscription req.)Tools
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