Bank Owned Property Listing

What are the benefits of buying a bank owned foreclosure?

Buy Bank Owned Properties

When a property goes into foreclosure, ownership is given back to the bank. Buying bank owned foreclosures can be less risky than buying short sale or auction properties.

When you buy bank owned or foreclosed properties, they are typically listed by a Realtor and the property can be purchased using conventional financing. In most cases you’ll be able to tour the property, inspect the property and receive a seller disclosure of potential problems with the home.

Some banks offer incentives if you complete the mortgage financing with them. The Fannie Mae Homepath mortgage is a good example and requires only 3% down payment and no mortgage insurance.

Below is a list of Bank Owned Property Listing websites by lender in the United States. You can search for bank owned homes for sale by location, home value and home type.