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