An Altadena Not for Sale sign at a burned home at 100 W. Las Flores Dr. during the Eaton Canyon fire, Wednesday, March 26, 2025, in Altadena, California. (Kirby Lee / AP) This is your first of three ...
Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.
Through its new program, the Department of Metropolitan Development says, it has acquired 140 properties in 2024 and 2025, and has put 115 of those back on the market. (IBJ photo/Chad Williams) Over ...