The R.E.O. Report
(Bank Owned/HUD Properties)
The R.E.O. Report is a database containing "Real Estate Owned" by banks and HUD within the State of Texas. With foreclosures at high levels, this database will provide you with between 3,000 and 5,000 properties available for sale by lenders or their insurers, such as HUD.
With thousands of properties for sale by Lenders, this database will allow you to quickly focus on just the properties that match your investment profile. And you will be able to easily find out about any price changes or new property listings.
What is a Bank Owned Property?
When a Lender foreclosures on a property for delinquent mortgage payments, the Lender then becomes the owner of the property. This database includes Bank Owned Property from various lending institutions, including conventional banks, Fannie Mae, Freddie Mac, etc.
What is in this Database?
This database focuses on both Bank Owned & HUD Properties located within the State of Texas, which generally will include between 3,000 to 5,000 properties.
How often is this database updated?
Weekly.
What are the search fields?
You can search by
· County Name
· City Name
· Zip Code
· Property Type
· Year of Construction
· Building Size
· Asking Price
· Properties with New Pricing
· Listing Date.
Our custom search engine will allow you to be as general or
as specific as you need. For example, you could search for
· Homes that are for sale in the Austin area with an asking price of $50,000 up to $100,000
· Only the Properties that have had a PRICE CHANGE in the last week,
· Any NEW PROPERTIES listed within the last week or so.
Linked Field?
On the html report, if the address field is printed in blue & underlined, then if possible, you will be linked to the Appraisal District Record for that field by pressing the blue hyperlink.
Sample records follow:
