Foreclosures, also known as real estate owned (REO) or bank owned (REO) properties, are homes or properties that are bank-owned. These properties have been turned back to the mortgage holder as the result of a foreclosure action or acceptance of a deed-in-lieu of foreclosure.
If you’re thinking of buying a Bank Owned (REO) property, there may be affordable options that are right for you, but the process of buying bank owned properties is different than that of a traditional purchase. M and M Realty Group is experienced with REO transactions and will help you understand some of what makes buying real estate owned homes different.
REO homes can be found in most neighborhoods and in all areas of the Las Vegas Valley. Whether you are looking for an investment property or a family home, with the right information, and a good source for property listings, M and M Realty Group makes it easier to find an opportunity that’s right for you.