|Bank of America Real Estate Owned are the properties that are with the bank because the borrower is not able to pay the home loan that has been taken from the Bank. These real estate owned, to recover the money are available for sale. Real Estate Owned abbreviated as REO have both residential as well as commercial properties. In residential sector so many choices are available for REOs. Few among these are:
- Single family home
- Mobile home
- Residential Duplex, Triplex, Fourplex
- New Construction
Bank of America REO Properties
Generally the price of these REO properties is lower than the new constructions. If you are fascinated in buying BofA real estate properties then such homes are just the click away from you. One way of finding these, is the online resource, in which the official website of BofA has listed all such properties. The list of real estate owned by BofA has been divided according to the property type, state, price, beds and baths. Along with this featured properties are also listed that seeks attention of many visitors. Along with bank owned property, the new homes can also be found out in the website. Secondly the real estate brokers who are associated with the bank can also be contacted.
For both buying as well as selling value of the home is estimated. On the basis of public record data and other characteristics, BofA has helped its borrower with a page that is used to calculate value. The estimation of Bank of America real estate value is done on the previous public record and other such related characteristics. After finding the value of a home, specialist for real estate loans can be contacted. Bank of America Real Estate Owned Department can also help the borrower in finding the best suited loan type.
Bank of America real estate broker is the official agent who can make the deals of such properties. There is a huge network of Bank of America real estate brokers throughout US. These professional people have thorough knowledge on each and every property and can make the best possible deal. The website has also listed the brokers who are associated with Bank of America in making such property related deals.