bank owned properties - Articles

4 Secrets to Scoring a Bank-Owned Property Deal

Scanning the foreclosure listings to snap up your dream home on the cheap? It's tempting indeed to take the bottom-fisher route, especially when bank-owned deals are so plentiful and annual housing prices in 20 major cities combined declined 3.8 percent in January, according to the closely watched S&P/Case-Shiller... Continue Reading »

REO to Rental: Fannie Mae Dips Further Into Foreclosure Pool

Fannie Mae waded further into the foreclosure pool on Monday as it released new details on its plan to sell its repossessed homes as rental properties. The pilot program, first announced in August as an effort to clear the mortgage giant's backlog of foreclosures, is launching with an initial offering of 2,490 residential... Continue Reading »

The Most-Expensive Bank-Owned Home in America

Who says the mighty can't fall? One of the country's premier listings -- the penthouse apartment of the St. Regis Hotel in San Francisco -- is now owned by a subsidiary of Bank of America and expected to be re-listed at $35 million, half what the asking price was, according to the listing agent. The unit is known as the... Continue Reading »

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