Finding a list of Bank-Owned Properties (REOs) can be a bit different from searching for traditional properties listed by real estate agents. Here are the steps you can follow to find a list of REO properties:

• Online Real Estate Listing Websites: Start by visiting popular real estate listing websites that cater to bank-owned properties. Some well-known platforms have specific sections or filters dedicated to REO properties. Look for options like “Foreclosures,” “Bank-Owned,” or “REO” in the search filters.
• Real Estate Bank Websites: Some major banks have sections on their websites that list their available REO properties for sale. Explore the websites of well-known banks and financial institutions to find these listings.
• Local Real Estate Agents: Reach out to local real estate agents and let them know you are interested in purchasing an REO property. Some agents specialize in dealing with distressed properties, including REOs, and they might have access to relevant listings.
• Asset Management Companies: Banks often hire asset management companies to handle their REO properties. Research and contact these companies to inquire about their available listings.
• Real Estate Auctions: REO properties that haven’t been sold through traditional channels may end up being auctioned. Check out local and online real estate auction websites to find potential REO auction listings.
• Public Records: You can search public records for properties that have recently gone through the foreclosure process. Local county records or the clerk’s office may have this information available.
• Real Estate Apps: Utilize mobile apps designed for real estate searches. Some apps allow you to filter properties specifically for foreclosures and REOs.
• Real Estate Investing Websites/Forums: Online forums and websites focused on real estate investing may have sections where users share information about REO listings they’ve come across.
• Networking: Engage with real estate investors, professionals, and local experts in the real estate market. They might have insights into where to find REO properties in your area.
• Be Patient and Persistent: REO properties can sometimes take time to appear on the market or might be listed and sold quickly. Be patient and consistently check the sources mentioned above to find the right opportunity.

Once you find a list of REO properties that interest you, make sure to conduct thorough research on each property. Consider factors such as the property’s condition, location, market value, and potential repair costs before making any purchase decisions.

Additionally, it’s always a good idea to work with a real estate agent experienced in dealing with REO properties to guide you through the process.

NEXT: REOs: The Buying Process