Bank Owned Properties

Bank Owned Properties

FirstMerit Real Estate Owned (REO) Property

If you’re looking to buy a home or other property, you might want to consider buying a bank owned property. Search our properties »

What you need to know

  • A bank owned property, also known as Real Estate Owned (REO), is a home that was once customer-owned but has been turned back to the mortgage holder as the result of a foreclosure action
  • Bank owned properties can be an affordable option to the right buyer

Why FirstMerit?

  • We will guide you through the process, with useful resources and mortgage products that can help make the process of buying a bank owned home, lot or commercial property easier
  • We provide a wide range of mortgage programs for every need
  • We offer competitive low rates

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