11 Places to Find Foreclosed Real Estate

If you think now is the time to start to pick up bargains in real estate [I don't], then you may want to look at REO's. REO stands for Real Estate Owned, and is the real estate that is foreclosed on by banks, which is then put up for sale.

The following is a list of several banks, and the links to their REO sites:

Bank of America (BAC)

BB&T (BBT)

Downey Savings (DSL)

Fannie Mae (FNM)

Freddie Mac (FRE)

GMAC (GJM)

Sallie Mae (SLM)

HSBC (HBC)

U.S. Bancorp (USB)

Wells Fargo (WFC)

Zions Bank (ZION)

Comments

[Valueplay98:]

Great links! Here is CFC's REO listings:

www.countrywide.com/pu...

2007 Nov 21 05:03 AM

[Brett:]

Stockerblog,

Thanks for nice conmendiumk of REO's. I have been looking (on an ad hoc basis) but usually get distracted before I get more than one or two website. So thanks for posting these. Do you know of any other resources where you could get REO's sites? (My guess is that this is an area that has some real upside for growth: foreclosure weblistings. Thanks again and cheers!

2007 Nov 21 05:10 PM

[Alan Bennin...:]

Stockerblog, I wonder why you bother posting at in investment related blog? If you "don't" even understand the obvious concept of buying low and that the "time" is now...it's been "now" for many years as smart investors know.
You are the smart one who demonstrated his total lack of knowledge about short sales in a recent post. Fella ...you better go back to night school...and apologize to your spouse about your poor paycheck.

2007 Nov 22 05:36 PM

[Rocktex:]

To Alan:
Don't be so rude, please. Here are just 11 links. Nothing expressed any opinion on the writer.

To Stockerblog:
After checking USB's REO site, It is confirmed that they don't really release All the REO inventory as those bygones days. For public image? For self protection? All I know is they don't treat the website as an effective marketing tool in their mind.

Say there is only one REO listing in California. Do you believe that? I can give you more than 10 pieces of REO USB has now.
As I know, there is a website that will give you 50% REO lenders' link.

2007 Dec 22 03:39 PM

[Alexander M...:]

Hi all REO seekers,

In response to Bret's request: Here's another link with a long and comprehensive list of Bank REOs all over the country:
marketplacelists.com/R...

Enjoy,
Alex.

2008 Sep 28 11:36 PM

[MarinaMan:]

I'm struggling with the (so far) impossible task of finding the contact info on the REO department heads, who oversee the operations and asset preservation of MARINAS. My company, Sanctuary Marinas International, operates and manages marinas for their owners. I'm sure we're coming into the time that lenders will need to contract out ongoing management of marinas - at least until the market turns around and they can resell the marinas for something close to a same price. If not, WE will buy them!

sanctuarymarinas@yahoo...

2008 Nov 22 01:08 PM

[MarinaMan:]

I just don't think the bottom is in sight yet.

2008 Nov 22 01:08 PM