Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

If you remember the turmoil of the global financial crisis, hearing that foreclosure activity is up might make your knees ...

Many of us think of properties that have gone into foreclosure as old, beat up places that no one would want to buy. However, the truth is that in today’s unstable economy, more and more gems are ...

Bank of America Corp. ended its freeze on foreclosures in 23 states earlier than some analysts had expected, but it is still reviewing its actions in California and 26 other states to make sure its ...

CLEVELAND, Ohio -- PNC Bank is the latest mortgage lender to halt foreclosures in the wake of a mounting controversy about potentially fraudulent documents from lenders. The Pittsburgh-based bank has ...

The report shows 101,513 properties with foreclosure filings between July and September, up less than 1% from the previous ...

Bank of America, the nation's largest lender, said Friday it will suspend foreclosure sales across the country, a decision that could confound some Texans at risk of losing their homes and put further ...