REO House

A REO house is a property that is slated for public auction due to the previous homeowner's default on their government sponsored REO mortgage loan. When the homeowner defaults on their REO loan, the REO authorities will repossess and sell the house at public auction. These public auctions are an interesting opportunity for homebuyers and investors, because a REO house will often sell for far less than its true market price at auction than it would on the real market. Buying an REO house can be a great way to save money on property and leave extra room for future profits on resales.

Foreclosure1.com makes finding a great deal on a REO house easy, no matter where you're looking for one! With over 500,000 foreclosure listings to choose from, you're bound to find something you like in our extensive database. Our Foreclosure Express service brings the listing to you! All you need to do is tell us the cities, counties or states you want listings in, and we'll deliver all the listings you need right to your account! It's easy. We also provide 24-hour customer support, as well as satellite photos of the properties you'll see listed! Our members have everything they need for success in the REO house marketplace.

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