Bank Owned Homes – Where To Find Them Online

Bank Owned Homes - Where To Find Them Online

Bank owned homes or as they are commonly referred to, Real Estate Owned properties (REO's) make up a large percentage of the properties being purchased in the current marketplace. That is because these properties are often times very attractively priced and can be purchased relatively quickly as they sitting as vacant inventory of the lenders who have had to foreclose on or take the homes back from homeowners.

Now when it comes to searching for these types of homes, your best bet is still more often than not going to be to have a real estate agent look up the information about these properties as most of these properties will be listed on the multiple listing services which they have access to. However, there are places that anyone can go online right now and begint to search for bank owned homes. Here are some of the biggest and best sources for bank owned homes available online.

Fannie Mae's Home Path - http://www.homepath.com - here you can find information on purchasing and search for properties from mortgage giant Fannie Mae's inventory.

Freddie Mac's Home Steps - http://www.homesteps.com - here you can find information on purchasing and search for properties from mortgage giant Freddie Mac's inventory.

HUD Homes - http://portal.hud.gov/portal/page/portal/HUD/topics/hud_homes - here is where you can find out information about and search for HUD owned government properties.

Bank Of America - REO's -http://bankofamerica.reo.com/search/PropertySearch.aspx - here you will find a searchable database of Bank of America's current Real Estate Owned properties.

Chase - REO's - https://servicing.chase.com/reo/property/FeaturedProperties - here you will find a searchable database of Chase Bank's current Real Estate Owned properties.

Wells Fargo - REO's - http://www.pasreo.com - here you will find a searchable database of Wells Fargo current Real Estate Owned properties.

CitiBank - REO's - https://www.citimortgage.com/Mortgage/Oreo/SearchListing.do - here you will find a searchable database of CitiBank's current Real Estate Owned properties

For more information to questions on refinancing in the current market, please contact Bill Kamboukos of Strategic Mortgage at (480) 219-3682 or by emailing: info@strategicmtgaz.com or online at www.strategicmtgaz.com