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Itâs low because although the lender has a duty to sell at the best price, time is money, and they will want to recoup their funds as quickly as possible. We have been providing quality service and nationwide foreclosure listings since 1998. For instance, if a homeowner has missed two successive installments, then banks call for foreclosure and put the house on sale to repay the loans. Bank-owned houses are also known as real estate owned or REO for short. Find houses, flats, farms, apartments and property for sale in the Philippines through Property for sale Philippines : Property24. Current Location. As you know, perfect timing â not just "location, location, location" â is critical when it comes to purchasing a new home and/or investment property at the right (lowest possible) price. Find all the details you need about investment properties and foreclosures in Texas. Call us now to receive a list of foreclosed homes and distressed sales to get the best deals. Foreclosed Homes! 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