1. 41% of homes owned in the USA are going to auction. 2. 28% of homes owned in the USA are in the pre-foreclosure process. 3. 30% of homes owned in the USA are bank owned (REO) 4. The majority of homes going to auction in the USA have...

When a home owner has missed at least 2 payments on their home loan, they are in default of their loan. If the Los Angeles home owner signed the contract to get their home loan between 2003-2007, the lender is required to call them or reach them in some...

When someone is looking to buy a home at a real estate auction for the first time it may be a daunting process and getting a licensed real estate agent may be a good idea. Licensed real estate agents cannot only bid at regular home auctions, they can also...

When real estate property payments are not paid, then the property is foreclosed upon by the bank or Mortgage Company the loan was made through. The property is then referred to as a REO, real estate owned property. If someone is in the market for a cheaper piece of...