bank-owned
Seized by lender
Bank-owned describes property that has reverted to the lending institution after foreclosure.
When a borrower defaults on a mortgage and the home fails to sell at auction, the bank takes possession: They bought a bank-owned property at a steep discount.
Real estate listings use the term to signal potential bargains—and potential complications, since banks sell such properties as-is.
Seized for nonpayment
- foreclosedSeized for unpaid debt
- distressedSuffering emotional turmoil
- auctionCompetitive public sale
- seizedTook suddenly, forcefully
defaulted · underwater · mortgage · delinquent · redemption · eviction · nonperforming · servicer
Something owned or inherent
- listingRecorded item in catalog
- investmentDeploying capital for returns
- fixer-upperProperty needing extensive renovation
- discountReduced price offered
bargain · as-is · inspection · title · escrow · appraisal · buyer · investor
repossessed
Seized for nonpayment
- foreclosedSeized for unpaid debt
- distressedSuffering emotional turmoil
- auctionCompetitive public sale
seized · defaulted · underwater · mortgage · delinquent · redemption · eviction · nonperforming · servicer
property
Something owned or inherent
- listingRecorded item in catalog
- investmentDeploying capital for returns
- fixer-upperProperty needing extensive renovation
discount · bargain · as-is · inspection · title · escrow · appraisal · buyer · investor · flip
- forced salesforeclosure sale, sheriff's sale, tax sale, forced sale, seizure
- Fixer-Uppersfixer-upper, handyman special, needs work, distressed property, gut job
- foreclosureforeclosure auction, forced sale, foreclosure prevention, foreclosure notice, foreclosure sale
bank-ownedowner-occupied
Resided in by proprietor
privately held · family-owned · investor-owned · government-owned · state-owned
bank, owned, own, banks, banking, banked, banker, bankers, owns