For Government-Owned Properties
A high loan-to-value ratio increases the likelihood that the property will not receive any bids and will therefore revert to the lender. In the real estate market, bank-owned REOs can be a fantastic bargain. They, too, can dish up some real duds, so it pays to do your homework.
Listed here are some of the best-known financial institutions in the country and the region. Use the bank's name plus the word REO (for instance, MyBank REO) to identify further bank-owned properties. Some places to look are as follows.
Website:
- Bank of America REO: https://foreclosures.bankofamerica.com/
- CitiMortgage REO: https://citimortgage.res.net/
- Fifth Third Bank REO: https://53.res.net/
- Huntington REO: http://www.hnbrealestate4sale.com/us/index.php
- PNC Financial Services REO: https://www.pnc.com/en/about-pnc/company-profile/pnc-realty-services.html
- SunTrust Mortgage REO: http://suntrust.res.net/
- Wells Fargo REO: https://reo.wellsfargo.com/Home-Search.aspx
