Members: 56

Posts: 209

Founded: 11/13/2008

An REO (Real Estate Owned) is a property that goes back to the mortgage company after a foreclosure. The bank now owns the property and the mortgage loan no longer exists. The bank will negotiate with the IRS for removal of tax liens and pay off any homeowner’s association dues. Banks always want to sell a property in "as is" condition. SIB Realty would provide to you everything you need to know about REO Bank Owned Homes and we will locate for you REO properties for sale in your price range and area. Give us a call 305-931-6931