Oct 24 (Reuters) - Bank of Montreal (BMO.TO), opens new tab is exploring the sale of a portfolio of recreational vehicle loans, Bloomberg News reported on Tuesday, citing people with knowledge of the ...

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.

Bank owned properties, aka real estate owned or REO, are those that have been taken over by lenders due to problems paying the mortgage. These properties may be sold at bargain prices to move quickly.

Want a bargain-priced property? Use these resources to look for bank-owned homes. Bank-owned properties can offer quite the deal. In most cases, these are homes that were passed up during a ...