Bank Owned House

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22 photos

$1,579,000

7904 Bank Street, Metcalfe, Ontario K0A 2P0

3 beds

2 baths

86 days

Bank St location! Fully restored two storey farm home on 31 acres.Newer insulation,electric,plumbing,heating etc.Featuring two heated workshops-massive storage in modified barn-Open yard-Extra storage building-all within 20 mins of Ottawa South.Over 20 acres of the land is used for corn-beans

51 photos

$7,480,000

1309 Mackinnon Rd, Pender Island, British Columbia V0N 2M1

7 beds

3 baths

68 days

Low bank, walk-on beaches on the Gulf Islands are exceedingly rare. Privately owned islands here are arguably rarer. To feature BOTH on one property makes this truly the most unique of offerings. ''Waterlea,'' as it is affectionately known is made up of roughly 3.5 acres of low bank waterfront.

42 photos

$189,900

1124 9th Street, Perdue, Saskatchewan S0K 3C0

3 beds

1 baths

75 days

Welcome to the Village of Perdue. This three bedroom, one bathroom 1269 sq ft house is situated on a beautiful corner lot and features a nice sized living room partially open to the kitchen area allowing lots of natural light. Basement is ready for development, large above ground windows,

38 photos

$1,250,000

114 Noden Cres, Clarington, Ontario L1B 0L2

4 beds

3 baths

38 days

Beautiful Conner lot With 4 Bedroom House with combined with eat in kitchen. walkout thorough kitchen to backyard No Side Walk park 4 cars parking in driveway! Minutes Away from Great Schools, Parks, Shopping, Restaurants, Bank & community center. hot water tank owned. **** EXTRAS **** Stove,

18 photos

$398,888

34 Main Street, Limoges, Ontario K0A 2M0

2 beds

1 baths

Today

Opportunity knocks! Own vs Rent! Ottawa side cozy family home on 0.6 acre cul-de-sac in heart of growing community near Calypso with tranquil large yard & plentiful parking!Possibilities to sever;build,rezone for multiplex. 25min to Rideau Centre via 417 easy access. Welcoming Open-concept

40 photos

$819,900

471 County Road 38 Rd, Trent Hills, Ontario K0L 1L0

3 beds

2 baths

41 days

Welcome to 471 County Road 38 in the Quaint Community of Campbellford! This 2+1 Bedroom, 2 Bathroom, Multi-generational Home sits on 2.43 Acres with 2 Additional Buildings, a 2 Car Garage w/ 2 gdo's boasting 12 Ft Ceilings, 2 Workbench Shelving units plus a 13 x 30 Ft Loft above. There is

Bank-Owned Houses

Looking for a great deal on a house? Check out our selection of bank-owned houses. These properties are owned by banks as a result of foreclosure proceedings. They are often sold at a discounted price, making them a great option for buyers looking to save money on their next home purchase.

What is a Bank-Owned House?

A bank-owned house, also known as a REO (real estate owned) or foreclosed house, is a property that has been repossessed by a bank after the previous owner failed to make their mortgage payments. The bank then becomes the owner of the property and is responsible for selling it. Bank-owned houses can be a great opportunity for buyers, as they are often priced below market value.

Why Buy a Bank-Owned House?

Buying a bank-owned house can be a smart financial decision. These properties are often priced below market value, making them a great option for buyers looking to save money. Additionally, banks are motivated to sell these properties quickly, so buyers may be able to negotiate a lower price. However, it's important to keep in mind that bank-owned houses may require some repairs or renovations, so buyers should be prepared for additional expenses.

Overall, if you're in the market for a new home and looking to save money, a bank-owned house may be a great option for you. Check out our selection of bank-owned houses today!