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BANK OWNED/REO HOMES FOR SALE
REO stands for "real estate owned." These are properties in which the bank took possession of the property to sell because they didn't sell at Auction due to the foreclosure. These homes are discounted between 10-20% less than market value. Some REO homes will be in very good condition and some will need an extreme amount of repairs and updates. It is recommended you work with a licensed agent who will refer a licensed contractor or inspector to assess the repairs necessary to estimate the cost of repairs or replacement needed to make a decision on proceeding with an offer.
Foreclosures and REO's are not required to disclose much as a traditional homeowner would since the bank has no knowledge of the property. Therefore relying on professionals to carefully inspect the property and your agent to conduct a review of the titla history is critical because it is a Buyer beware transaction and can be a long process. The most important thing in finding a foreclosure property is working with a real estate agent highly skilled in these negotiations and communicating to the buyer of what lies ahead.
Latest Wake County REO's
Popular Cary Glen location, corner lot, covered rocking chair front porch, rear deck. Walk in pantry, walk-in closets, in Master. Needs cosmetics. See agent remarks fo...
- 4 Beds
- 4.0 Baths
- 2215354 MLS
- ACTIVE Status
2-story brick front home with. 50 acre corner lot, 3-car side entry garage, fenced backyard with screen porch & large deck for entertaining. 4 bedrooms - 4.5 baths. Sol...
- 4 Beds
- 5.0 Baths
- 2214707 MLS
- ACTIVE Status
Executive 6 bed home w/stately presence on huge 10+ acre lot offers formals, open kitchen/family rm, dining rm, breakfast rm, sunroom, 3 car gar, 2nd & 3nd floor bonus ro...
- 6 Beds
- 7.0 Baths
- 2213793 MLS
- ACTIVE Status
Affordable home featuring laminte floors in living room and dining room, tile in kitchen, 3 bedrooms up, darling front porch and rear patio. Refrigerator remains. Easy ac...
- 3 Beds
- 3.0 Baths
- 2211338 MLS
- ACTIVE Status
2 Story 3 bedroom home has new laminate floors downstairs, new upgraded carpet on the steps and second floor. Freshly painted interior and new stainless steel appliances ...
- 3 Beds
- 3.0 Baths
- 2211055 MLS
- ACTIVE Status
Need space? Master bedroom downstairs! 4 Bedrooms with two baths upstairs. High ceilings, wood floors, Cherry cabinets, Island in kitchen. Home needs interior paint, ...
- 5 Beds
- 4.0 Baths
- 2209766 MLS
- ACTIVE Status
Inside the Beltline! Spacious home seeking buyers willing to update and add personal touch. Beautiful outdoor space with covered brick patio, multilevel deck and a lovely...
- 4 Beds
- 5.0 Baths
- 2207284 MLS
- ACTIVE Status
Wonderful home in great neighborhood. Large home sitting on almost an acre private lot. Recently updated with new paint, carpet and NEW heating and air systems. This home...
- 4 Beds
- 4.0 Baths
- 2206262 MLS
- ACTIVE Status
2 Story 4 bedroom home has hardwoods, granite kitchen tops, tile back splash, stainless steel appliances and beautiful birch cabinets w/crown molding. Study/office on the...
- 4 Beds
- 3.0 Baths
- 2205107 MLS
- ACTIVE Status
2-story brick front with 2-car side entry garage. Fenced backyard with in ground pool. Hardwood floors & smooth ceilings. All formals. Sunroom. 4 bedrooms - 2.5 bat...
- 4 Beds
- 3.0 Baths
- 2202957 MLS
- ACTIVE Status
Beautiful home in sought-after Wakefield Plantation on golf course lot! Large kitchen with breakfast booth overlooks bright & spacious family room with built-in shelves. ...
- 5 Beds
- 6.0 Baths
- 2202954 MLS
- ACTIVE Status
Wonderful custom built home in great neighborhood. All brick exterior with large rear patio. Kitchen with large island, w/i pantry. Open to family room, perfect for enter...
- 3 Beds
- 5.0 Baths
- 2187531 MLS
- ACTIVE Status
Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2018 Triangle MLS, Inc. of North Carolina. Data last updated .