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REO (Real Estate Owned) Search

Real Estate Owned Search

Real estate owned or REO is a class of property owned by a lender, typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction. A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of this foreclosure property. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset (non-performing asset).

Full Searches are a great option for REO properties where it’s important to receive all copies pertaining to the Title; including copies for any outstanding liens (only those filled in county records/circuit court), mortgages, assignments, deeds (going back two “out of family” transactions), judgments, and tax status recorded against the property, current and prior owners.

EasyDocs123.com performs the following searches:

  • vesting information search
  • mortgage and assignment search
  • federal, state and municipal lien search (for liens filed in circuit court and county records)
  • HOA (Home Owners Association) lien search on both current and prior owners
  • Civil judgment search including foreclosure proceedings, as well as, bankruptcy and tax delinquency status.

All of the Property related information is captured on the Title Search summary page. All relevant document copies are included in this plan (one of the major differences from Current Owner Search).

30 year   $299.00 ORDER NOW
40 year   $349.00 ORDER NOW
60 year   $399.00 ORDER NOW

To get started we will need the complete property address. Additional useful but not mandatory information is tax id, SBL, or folio number.

30 Year – AR, AZ, CA, CO, FL, KS, KY, LA, MT, NC, ND, NE, NM, OR, SD, TN, UT, WA
40 Year – HI, ID, IA, IL, IN, ME, MI, MO, MN, MS, NY, NH, NJ, NV, RI, VA, VT, WI, WY
60 Year – AL, CT, DE, GA, MA, MD, OH, PA, SC, WV
To the Patent – AK, OK, TX