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.

The Department of Veterans Affairs has extended a moratorium on foreclosures for vets with GI Bill home loans. The move gives mortgage companies more time to get a new program up and running to rescue ...

With home prices staying high and mortgage rates still above 6.8% as of mid-2025, many buyers are exploring alternative ways to enter the housing market. One option that continues to spark interest is ...

Three homeowners sue Bank of America for foreclosing on the wrong homes. Jan. 25, 2010 — -- Some 2.8 million homeowners faced the threat of foreclosure last year, but it wasn't supposed to happen ...

Vice President Kamala Harris often touts how she took on the “big banks” as attorney general of California to deliver mortgage relief to homeowners hit by the 2008 foreclosure crisis. The story has ...

NEW YORK/WASHINGTON (Reuters) - The U.S. Attorney's office in Manhattan is investigating at least five banks over whether they overcharged the government for expenses incurred during foreclosures on ...

Home foreclosures are on the rise across the country as a growing number of Americans struggle to keep up with their mortgage payments and other housing costs, according to a recent report by real ...