Bank Owned Real Estate - REO
Bank owned properties, also know as REO's have begun to appear across the nation and the Florida Keys have been no exception.
REO stands for Real Estate Owned and it refers to real estate property that was previously a security for a mortgage loan. The previous owner defaulted on the loan and the lending institution foreclosed on the owner and took ownership of the property.
Follow the links below to see properties being offered in the Florida Keys that are currently bank owned (REO).
"REO's can provide a buyer with great opportunites to own real estate with fewer issues found in short sales transactions"
- Jon Leimkuhler Realtor, GRIThe Overseas Highway, separating the Gulf of Mexico from the Atlantic Ocean
