Realty Executives - White Mountains, ArizonaRealty Executives
White Mountains
Show Low, Arizona

Each office is independently owned and operated.

Katherine Hadley - Realtor

Real Estate for all of the White Mountains including Show Low, Pinetop and Heber Arizona.

Bank Owned Properties

What is a bank owned property or REO?

Bank Owned PropertyThe definition of REO is “Real Estate Owned” or “Bank Owned Property”. It is a property that the owner has stopped making mortgage payments to the lender. After so many missed payments the Lender will take over the property (foreclosure) and try to auction the property. If the auction fails to obtain a Buyer the Lender will most likely put the property on the local real estate market.

During this time the Lender is responsible to maintain the property. Usually the property will be sold in an “As-Is” condition with no repairs. This damages the property owners credit rating resulting in several years before the owner can purchase another home with a lender.

View Active Bank Owned Properties