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U.S. Bank Real Estate Owned (REO) Properties
U.S. Bank may acquire properties through the foreclosure process or by a deed in lieu of foreclosure on loans it services on its own behalf or for various investors. It disposes of these properties through a traditional real estate agent, an on-line auction or by conveying (transferring) the property to the original investor (who would then employ their own method of disposition).
Frequently asked questions
Review the last recoded deed at the given county recorder's office.
If U.S. Bank is listed as a trustee for a trust who owns the property, U.S. Bank will have no involvement in the marketing and sale of the property.
Review the local real estate listings available in the area of the interested property or watch for a "for sale" sign in the yard of the property
For properties owned by and being sold by U.S. Bank, we do not accept any direct purchase offers. We rely on various real estate disposition vendors to properly list and market each property, whether that be with a traditional real estate agent or an on-line auction. Please monitor local real estate listings and any "for sale" sign that may be placed in the yard.
If unable to find property of interest on a local real estate listing or a "for sale" sign is not posted, the property may not be available for sale or may be getting conveyed (transferred) to original investor. In such a case, U.S. Bank will not be involved with selling the property.
U.S. Bank employees and immediate family members are prohibited from purchasing REO, auctioned REO, short sale, and foreclosed properties marketed by U.S. Bank, their affiliates, or their agents. Additionally, the agent, their employees, or their family members are prohibited from directly or indirectly purchasing any property owned by U.S. Bank or their affiliates. In this instance, "family member" is defined as a spouse, a domestic partner, parents, grandparents, children, grandchildren, siblings and step-family members.
Member FDIC
Equal Housing Lender
year U.S. Bank