REO (Real Estate Owned) also known as Bank-owned Properties
This is when the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction. These are also known as bank-owned or REO properties (Real Estate Owned by the lender).
We have several of these properties for sale in many areas of Nassau, Suffolk, Queens & Brooklyn and if you are interested, we will assist you in the process of purchasing a bank-owned property.
Call us today for more information: 516-593-4141