Madison area REO properties


"REO" stands for "Real Estate Owned". It’s what appears in the line on the lending institution’s asset sheet that describes these properties.  REOs are also referred to as bank-owned properties, foreclosed homes, foreclosures, or repossessed properties. Please note that many foreclosed homes need work, are typically "as is" sales, and can be a long process to buy compared to buying from a private seller.

Madison area REOs for sale

Below are all the residential single-family homes and condominiums currently being marketed as REOs (bank-owned) and foreclosures in Black Earth, Blue Mounds, Cambridge, Cottage Grove, Cross Plains, Deforest, Fitchburg, Madison, Mazomanie, McFarland, Middleton, Monona, Mount Horeb, Oregon, Stoughton, Sun Prairie, Verona, Waunakee, Westport, Windsor, Shorewood Hills,and Maple Bluff (note: some villages and municipalities listed may not have short sales at all times):


Foreclosures & short sales for sale:

More Madison WI distressed property listings

Can't find what you're looking for? Try our Greater Madison short sales page or call 608.628.9701 for assistance. Alternatively, fill out the short contact form below and we'll be in touch to discuss.

Help for struggling Madison area home owners

If you find yourself struggling to afford your mortgage, Lake & City Homes Realty will be happy to provide you with a free comparative market analysis (CMA). This document helps you and your lender determine the current market value of your home, making it easier for you to obtain a principal forbearance or short refinance or to proceed with a short sale. You can also use a CMA to determine whether you qualify for refinancing or to prove that you owe the bank more than your property is worth. Homeowners interested in cashing out their equity by listing and selling their property can benefit from a CMA as well. Contact Lake & City Homes for assistance, call 608.230.5553 or fill out our request a CMA form.

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Need more information about REOs and bank-owned properties? No question is too big or small. Call us today at (608) 628-9701 or fill out the short form below and we'll be in touch.

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