What is REO when it comes to real estate? It stands for real estate owned, and it’s a term you’ll see when a bank or lender takes ownership of a home after a failed foreclosure auction. When a ...

Add Yahoo as a preferred source to see more of our stories on Google. In August, there were a total of 35,697 U.S. properties with foreclosure filings—default notices, scheduled auctions, or bank ...

Online real estate marketplace Auction.com released data this week showing that demand for distressed homes — including bank-owned properties and foreclosures — shrank for a second straight quarter.