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Buying a bank-owned home, officially known as a property, can be a path to a significant bargain, but it operates differently than a typical emotional sale between homeowners. Banks are "professional sellers" motivated to clear non-performing assets from their books quickly, which can lead to prices 10% to 25% below market value . Where to Find REO Listings
Banks typically list these properties once they fail to sell at a public foreclosure auction. How to buy a foreclosed home - Bank of America Foreclosures how to buy a bank owned house
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