REO Bank Owned Homes
This is a search engine that will find homes that are bank owned REO properties. And it is free. There are no weekly or monthly charges. Start by zooming into the map where you are interested in owning. Once you zoom in close enough, you will see little pictures that represent bank owned homes for sale. Click on any one of these to see pictures, property details, and more. Click on the “Results” tab if you want the left side to change to a list of the properties that fit on the map. Then you can click on the “Sort by” choices to report newest on the market, or longest. Find the homes with the largest percentage price drop, or the lowest current list price. You can even sort by price drop! Then look at the price history in the property details. Once you have a search working the way you want, save all your hard work. You can subscribe by email to all the updates and stay on top of the market. Just click on the “Get Email Updates” link on the bottom left of the search window.
To get a really good idea of what this search engine can find for you watch this tutorial. These are deals and we aren’t even limiting to the bank owned short sale homes. We found a house that was $699,000 and the price has now dropped to $399,000.