First Financial & Realty

Bank owned foreclosures, known as REO (real estate owned) properties, are homes that have gone into foreclosure and have been bought back by the bank. Since banks aren't in the business of owning real estate, they do everything they can to make sure that these homes are sold speedily. Often, you can buy a bank foreclosure for 10-15% or more below market value. Whether you are looking for a new home, a 2nd home or seriously considering real estate as an investment, you'll find there are different options available to you.