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Once the mortgage holder takes ownership of the property, their eventual goal is to sell it to make back the unpaid loan amount. Tour foreclosed homes & make offers with the help of Redfin real estate agents. These properties are currently listed for sale. townhomes for rent in charlotte nc university area If you are in the market for a new property or looking for a great investment opportunity, exploring banks with REO listings is a smart move. Tour foreclosed homes & make offers with the help of Redfin real estate agents. They are owned by a bank or a lender who took ownership through foreclosure proceedings. sharon benyo obituary