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Featured Listings

  • $27,500

  • $282,000
    5 Bedrooms 3 Full Baths

  • $29,900

  • $36,400

Bank Owned REO

•  Anderson County REO Homes for Sale

•  Oconee County REO Homes for Sale

•  Pickens County REO Homes for Sale

•  Upstate REO Homes for Sale

 

Definition of 'Real Estate Owned - REO'

Property owned by a lender - usually a bank - after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank: the minimum bid in most foreclosure auctions equal the outstanding loan amount, the accrued interest and any fees associated with the foreclosure sale.

 

The information contained in this website is deemed reliable but is not guaranteed.