Homes become bank-owned properties after homeowners default on their mortgages and the bank forecloses. If no one opts to buy ...

Properties become REO when owners default and the bank repossesses them and tries to sell them. The lender, which is often a bank, takes ownership of a foreclosed property when it fails to sell at ...

City National Bank of Florida dropped a foreclosure lawsuit against Masoud Shojaee after reaching a settlement in less than a ...

Ongoing obstacles in the housing market are keeping prospective buyers from investing in distressed properties ...