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banking • Florida Keys • Islamorada • Key Largo • property values • real estate • June 7, 2010

Foreclosures in the Florida Keys

by Tracy Larson

Bank
Owned
Property

Bank owned properties, also know
as REO’s have begun to appear across the nation and the Florida Keys
have been no exception.

REO stands for Real Estate
Owned and it refers to real estate property
that was previously a security for a mortgage loan. The previous owner
defaulted on the loan and the lending institution foreclosed on the
owner and took ownership of the property.

Follow the
link below to see a list of properties being offered in the Florida Keys
that are currently REO being marketed in the Florida Keys MLS.

Click Here for Banked
Owned Florida Keys
Properties

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