Foreclosures are everywhere, in all neighborhoods, sitting, waiting, vacant, and when these foreclosures officially hit the market, the best will be gone before sundown. They are the REO and Bank Owned property and they are the investor’s golden dream. The large amount of foreclosures in today’s market has created opportunities that have never existed before in real estate. These Bank Owned properties offer many financial advantages while lowering the risk associated with the purchase of a foreclosed property. LionsGate Financial (www.lionsgateFN.com) is an organization committed to training Real Estate professionals to effectively navigate the complicated pre/post foreclosure markets.

The term REO means "real estate owned" by the lender and indicates the house or income producing property has been repossessed by the lender and already completed the legal foreclosure process. In most cases, the lender is the bank, which is why you hear the term “bank owned properties.” When buying in the post foreclosure phase, the bank or the lender is the owner of the property by either through a pubic auction or an owner agreement during before foreclosure proceedings.

The lender will generally sell or list the property to recover the unpaid mortgage loan(s) and usually clear the title for any prospective buyer. There is an increasing amount of people who are profiting off of this downturned market; from professionals to newcomers, it’s a very accessible market, especially for those who have the right training. Lionsgate can help give you the training you need to break into and learn more about the foreclosed real estate market.

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