Regions Bank REOs formerly AmSouth

July 20, 2008 by · Leave a Comment
Filed under: Regional REO Banks 

According to the website, Regions is a multi-bank holding company that compromises of FirstAlabama, Union Planters Bank and AmSouth. Through there bank structure they can trace their roots all the way back too 1856. They have a separate sub-domain for their REO property listings. Regions has Residential, Commercial and Raw Land & Lots. All of the listings are located in the South East including Texas. At the time of this writing, they had 765 listings total. Pretty basic search, it gives you all the basic info and some photos.

Bank Info:

Regions owns a variety of real estate properties; including residential, commercial, and lot/land that we currently offer for sale. To find out more regarding an individual property, simply select the type of property, choose a state and indicate the city. A list of available properties will be displayed with sale and contact information.

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People’s United Bank REOs

July 20, 2008 by · Leave a Comment
Filed under: Regional REO Banks 

People’s Bank does not have a REO search.  It is a simple list without photos. People’s does have commercial and residential real estate listings.  After reviewing their website, it looks that People’s Bank services the state of Connecticut.

Bank Info:

People’s Bank has a variety of bank-owned property for sale across Connecticut at very affordable prices. Negotiations will be handled through the listing broker. All offerings subject to errors, omissions, prior sale, change or withdrawal without notice. Listings are in alphabetical order by town or city. Commercial property listings follow the residential information.

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Omni National Bank REOs

July 19, 2008 by · Leave a Comment
Filed under: Regional REO Banks 

According to their website, Omni National Bank is a national bank with 10 full service branches.  Under our definition, Omni would be considered a regional bank and I would suspect they only have charters to operate in the areas mentioned on their website: We have four full service banking locations in North Carolina; two in Georgia; one in Chicago, Illinois; one in Tampa, Florida; one in Dallas,Texas; and one in Houston, Texas.

On to the REOs, they have a very simple REO listing presentation.  Currently they list 8 states for REOs .  Only 5 states have listings that are available online and for Atlanta REOs you need to use their form to submit your information so a bank representative can contact you.  They did however add a link to Google maps so you can quickly  see where the property is located compared to the surrounding metropolitan center.

Bank Info:

Founded in March 1976, Omni National Bank is headquartered in Atlanta, Georgia. We are a subsidiary of Omni Financial Services, Inc., a publicly traded bank holding company.  Omni Financial Services, Inc.’s common stock is traded on the NASDAQ Global Market under the ticker symbol “OFSI.”

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Home Loan Bank REOs

July 19, 2008 by · 2 Comments
Filed under: Regional REO Banks 

Home Loan Bank is a Regional Federal Savings bank that makes loans in the Eastern part of the U.S. They have a very simple REO search with a map. Not very many properties. The REO real estate listings they do have actually have nice listing pages with some nice high quality pictures of the homes. They seem to specialize in pretty nice homes being that every one I have looked at are in pretty posh areas and look great.

Bank Info:

Home Loan was founded in 1959 by John Murphy, we’re a federally regulated, FDIC-insured savings bank that has helped over 75,000 homeowners.

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Downey Savings Bank REOs

July 15, 2008 by · Leave a Comment
Filed under: Regional REO Banks 

Downey is a California Savings & Loan (S&L) Bank that was established in 1957 in the city of Downey, CA.  According to their website they have over $13.5 billion assets.   They also have office in Arizona.

Their REO real estate search is one of the most robust that we have reviewed to this point.  They have all the basic fields along with some additional fields to search by.   Here are some of the additional search fields, type of property, number of stories, age of property and lot size.

Bank REO Info:

If you’re looking for a home or investment property at a bargain price, you’re in the right place!

Use our Search Tool to select a Downey Savings owned property that’s just right for you or see a complete property listing. We’ll finance most purchases of our properties with minimal or no loan fees (subject to loan approval).

We update our list of bank-owned properties weekly so keep checking back! Real estate agent inquiries welcomed. For property information, contact the Listing Agent or get started now and we’ll contact you within two business hours.

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