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Banks Are Dumping Foreclosures - Major Discounts Available (Video)

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In this 11 July 2026 published video, host Michael Bordenaro talks about how foreclosed homes are indeed hitting the market at steep discounts, with the median Real Estate Owned (REO) property selling for roughly 27 percent below its estimated value. However, these properties typically sell “as-is” and are often in need of repairs, which requires extra patience and capital from the buyer. The surge in foreclosures follows the expiration of pandemic-era forbearance programs, combined with a housing market strained by higher interest rates, insurance, and taxes. Banks are eager to clear these properties from their books.

Foreclosures (often referred to as REOs) sell at a median 27.2 percent less than standard, non-distressed properties. Bank-owned listings typically have fewer photos, shorter descriptions, and sit on the market longer than traditional listings.Hidden Costs: Most of these homes are sold strictly “as-is,” meaning you assume responsibility for any deferred maintenance, structural damage, or lingering utility bills. Because of the steep discounts, foreclosures draw about 26.5 percent more online views than standard homes, meaning you can still face bidding wars.

If you are specifically targeting distressed properties, you can track local foreclosure filings and bank-owned listings through public records or specialized platforms. Browse bank-owned properties and pre-foreclosures nationwide on Realtor.com Foreclosures, Use platforms like Auction.com to find local courthouse auctions and REO properties currently being liquidated by banks.

https://youtu.be/YNBT37yTNik



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