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Tag: Oak Park

Bank-owned homes Thousand Oaks & Camarillo

Several people have asked us “what is the difference between bank-owned, foreclosures and REOs?”
All of these terms are used interchangeably and mean the same.  A foreclosed property has gone back to the bank and the property is now real estate owned by the bank.  So whether you call it a bank-owned, foreclosed property, or REO, [...]