Real estate owned
Real estate owned
Real estate owned is a lender's portfolio of properties that failed to sell at foreclosure auctions. Once the property fails to sell at the auction, the lender must try to sell it on the real estate market. Investors target these properties, because they typically sell at a discount.
Get Mortgage Rates
National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
