Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

What is REO when it comes to real estate? It stands for real estate owned, and it’s a term you’ll see when a bank or lender takes ownership of a home after a failed foreclosure auction. When a ...

Rockford Homes is building 21 single-family homes on Franklin County land bank lots in Columbus and two Franklin County townships, with prices starting at $190,000. The Central Ohio Community Land ...