Question: how to buy a house repossessed by the bank?
Answer: Step 1: Browse Available REO Properties. ...  Step 2: Find a Lender and Discuss REO Financing. ...  Step 3: Find a Real Estate Buyer's Agent Who Knows REO Homes. ...  Step 4: Refine Your List of Lender-Owned Properties. ...  Step 5: Get an Appraisal on Your Ideal Property. ...  Step 6: Make an Offer.