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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 about the condition 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 title 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 to own this 3 bedroom 2.5 bathroom single family home. This property built in 1984 has approximately 1,617 square feet of living space on a 1.34 +/- acr...
- 3 Beds
- 3 Baths
- 2279444 MLS
- ACTIVE Status
Great opportunity to own this spacious 3 bedroom 2.5 bathroom single family home. This property built in 2005 has approximately 2,061 square feet of living space with a t...
- 3 Beds
- 3 Baths
- 2278108 MLS
- ACTIVE Status
Bricked in manufactured home with additions. Detached 2 car garage. Large, almost 2 acre lot.County taxes only. Great access to Rolesville bypass with easy commute to Ral...
- 3 Beds
- 3 Baths
- 2278036 MLS
- ACTIVE Status
Great opportunity to own this spacious 4 bedroom 3 bathroom single family home. This property built in 1989 has approximately 3290 square feet of living space. Close to ...
- 4 Beds
- 3 Baths
- 2275289 MLS
- ACTIVE Status
Great opportunity to own this 4 bedroom 2 bathroom single family home. This property built in 1993 has approximately 1920 square feet of living space a 2 car garage, ba...
- 4 Beds
- 2 Baths
- 2273583 MLS
- ACTIVE Status
Fabulous estate home in upscale MacGregor West. 4 beds w/ en-suite baths Choose upstairs or downstairs master suite. 12' ceilings, kitchen w/ stacked ovens & dual dishwas...
- 4 Beds
- 6 Baths
- 2273532 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
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 .