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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
Great opportunity. Large 4 bedroom, 2.5 bath home on a 1.39 acres with in ground swimming pool. Plenty of room to roam surrounded by trees for great privacy. Formal livin...
- 4 Beds
- 3 Baths
- 2232586 MLS
- ACTIVE Status
Great opportunity to own this 4 bedroom 2 full & a 1/2 bathroom single family home. This property built in 2005 features approximately 2,271 square feet of living space. ...
- 4 Beds
- 3 Baths
- 2232487 MLS
- ACTIVE Status
2 bedroom - 2 baths. Drive thru carport. Convenient to Garner and Raleigh.
- 2 Beds
- 2 Baths
- 2231800 MLS
- ACTIVE Status
Country feeling with city convenience! This home has plenty of room both in and out. Situated on over an acre lot giving this home a feel of privacy. Inside lots of squar...
- 3 Beds
- 2 Baths
- 2230170 MLS
- ACTIVE Status
2-story brick front with 2-car side entry garage. Fenced backyard with in ground pool. 2-story entry. Hardwood floors & smooth ceilings. Large family room with firepla...
- 4 Beds
- 3 Baths
- 2225010 MLS
- ACTIVE Status
House is located in cul-de-sac. Built in book shelves and desk downstairs. Walk-in closets in bedrooms. Spacious home with beautiful outdoor space with covered patio. It...
- 4 Beds
- 5 Baths
- 2224641 MLS
- ACTIVE Status
~ Newly renovated home ~ Corner lot ~ Fenced yard ~ Screened-in porch ~ 3rd floor walk-up ~ Spacious kitchen with island and workstation/desk ~ Large master suite with s...
- 3 Beds
- 3 Baths
- 2224037 MLS
- ACTIVE Status
This is it! Beautiful spacious lot almost 1/2 acre fenced yard. Concrete drive. Home has a ton of potential. Large living room with fireplace. One story home with 3 ...
- 3 Beds
- 2 Baths
- 2224494 MLS
- ACTIVE Status
Beautiful 4 bedroom, 3 1/2 bath home on a large lot. Nicely landscaped, side entry to 2 car garage. Covered front porch, open back patio. Hardwood flooring in living room...
- 4 Beds
- 4 Baths
- 2223098 MLS
- ACTIVE Status
Established Wake Forest S/D, home on almost an acre private lot. Updates include: new carpet, int & ext painted, and NEW HVAC. Ready for your updates to make it your ho...
- 4 Beds
- 5 Baths
- 2222780 MLS
- ACTIVE Status
Great OPEN concept Ranch plan. 3 bedroom 2 bath. Backs up to Woods. First time home buyers or investors. Easy access to Zebulon, 64, Raleigh. Sold "AS IS". Great V...
- 3 Beds
- 2 Baths
- 2217368 MLS
- ACTIVE Status
Beautiful home in Wakefield Plantation on golf course lot! Large kitchen with breakfast booth overlooks bright & spacious family room with built-in shelves. First floor m...
- 5 Beds
- 6 Baths
- 2202954 MLS
- ACTIVE Status
Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2019 Triangle MLS, Inc. of North Carolina. Data last updated .