What is REO when it comes to real estate? It stands for real estate owned, and it’s a term you’ll see when a bank or lender takes ownership of a home after a failed foreclosure auction. When a ...

Buying a foreclosure at auction can be a great deal, but success requires plenty of preparation. These deals have some risks — limited inspections, tight deadlines, among other things — so considering ...

Otsego County recouped nearly $1 million in unpaid taxes from a foreclosed property auction in January, though officials say the county may still face losses on properties that did not sell. The ...