WebReal Estate Owned (REO) Properties U.S. Bank U.S. Bank Real Estate Owned (REO) Properties U.S. Bank may acquire properties through the foreclosure process or by a deed in lieu of foreclosure on loans it services on its own behalf or for various investors. WebNov 15, 2024 · REO properties can be one of the prime sources of lucrative real estate deals for both flippers and landlords. These are properties that have been repossessed by a mortgage lender after they fail to sell at a foreclosure auction. When the title to the property is reverted to the lender, the lender will re-sell it.
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