Buying a foreclosed home can be a good way to score a deal while house hunting. Here's how a foreclosure sale works.

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.

Want a bargain-priced property? Use these resources to look for bank-owned homes. Bank-owned properties can offer quite the deal. In most cases, these are homes that were passed up during a ...

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 ...

Data firm RealtyTrac reports there were 45,072 foreclosure starts in August 2015 — a decline of 19 percent year-over-year to the lowest level since November 2005. The average number of new foreclosure ...

FILE - In this Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. (AP Photo/Steven Senne, File) HONOLULU (CN) — ...