Foreclosed Homes

REO is an acronym for “Real Estate Owned” and being sold by a Mortgage Servicer on behalf of the investors who own the loan/s that financed that property. Mortgage Servicers typically acquire REO’s through the foreclosure process. REO’s are a popular target for home buyers and investors in search of a ‘good deal’ as REO’s and distressed properties often sell for 10 to 20 percent below market value and there is a large volume of REO’s in the market currently as a result of the housing crisis and recession the country is grappling with. HausAngeles specializes in working with Banks and Services to list and sell their REO’s and works with buyers interested in purchasing REO’s or other distressed properties. The REO purchase process can be different than a regular consumer driven home sale, so it’s important to work with a real estate company that understands and operates in the REO space professionally. Please contact us at 323.463.0910 to get a list of REO’s for sale in your target area/neighborhood and/or to request a personalized REO website.