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Updated over 6 years ago on . Most recent reply

Tyler Smith's profile image
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Tyler Smith
  • Real Estate Investor
  • from Biloxi, Mississippi
  • Member since Apr 16, 2015
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Tyler Smith's profile image
Tyler Smith's profile image
Tyler Smith
  • Real Estate Investor
  • from Biloxi, Mississippi
  • Member since Apr 16, 2015
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Tyler Smith
  • Real Estate Investor
  • Biloxi, MS
0
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Foreclosures

Bank owned vs foreclosure

Tyler Smith
  • Real Estate Investor
  • Biloxi, MS
Posted

When you are looking on auction.com could someone clarify the difference between bank owned and foreclosure.

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Bank owned-REO typically sold with clear title and title insurance.

Foreclosure auction-crap shoot, buyer beware, as far as clear title and liens.

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