Bank of America REO properties or real estate owned properties are homes or properties that are owned by the bank. Bank of America offers affordable options if you are thinking to purchase an REO property at competitive price. An important thing to keep in mind is that the process involved in purchasing a bank-owned property is a bit different to that of the traditional purchase. It is advisable that you work with a real estate agent to know about the best deal that will suit your needs.
Bank of America has a large number of REO properties located all across the country and one can easily find the property of their choice in their state. The bank offers real estate owned listings in its official website and all you need to do is explore these listings to find the property of your choice. These listings will definitely serve as a good source for you to look for an opportunity that is good for you. In recent years, a large number of homes have come under the possession of Bank of America as a result of foreclosure, short sale and deed in lieu. After unsuccessful attempts to attract potential buyers at auction, these properties are finally possessed by the bank.
REO department of Bank of America is also known as Real Estate Center and it is a separate department functioning under the main administrative set up of the bank. Real Estate Center hires professional asset managers from across the country and maintains a broad network of real estate agents, realtors, brokers, vendors and contractors to manage and sell bank-owned properties and new homes in the local housing market. One can also become a Bank of America REO agent by simply meeting the criteria set by the bank to fill a vacant job position. To do so, one needs to complete the application form available at realestatecenter.bankofamerica.com and send the same via email to email@example.com. After completing the registration, the broker will be able to show Bank of America REO properties on their listings.
The bank does not provide separate phone number to contact the Bank of America REO department directly. However, one can use the customer service phone number of the bank or that of the BAC Home Loans Servicing, LP to get information regarding updated REO inventory, available REO properties for sale, sales procedure and system, and the contact information of a nearby BOA office.
Refer to the following section for more details:
To search properties owned by B of A,
To find resources available for real estate agent, visit,
To download BofA REO Broker/Agent Application From, use the following link
To contact BAC Home Loans Servicing customer service, call 1.800.669.6607
For additional resources visit the Bank of America website.