11 Ways to Find REO Homes in Your Area

House hunting can sometimes turn into scrolling through the same listings on homebuying apps again and again. The prices look steep, competition is high, and great deals seem to disappear before you can schedule a showing. It’s no wonder some buyers start looking beyond the usual listings and into real estate-owned (REO) homes. If you’ve been wondering how to find REO homes in my area, you’re definitely not the only one asking that question. These properties can sometimes come with lower price tags, fewer buyers vying for them, or a little more room to negotiate. But to secure these properties, you should know where to look and how to spot them before everyone else does. Find a Top Agent For Your REO Home Purchase If you’re in the market for a real estate-owned home, the process can be a little different from a traditional real estate transaction. Work with an agent who specializes in REO sales. We researched banks, government agencies, and auction sites to identify the best places to find REO homes. We also spoke with Chris Barnett, a real estate agent in Birmingham, Alabama, who specializes in REO properties, to help compile this list of ways to find REO homes in any area. What i...