Bank files to foreclose 5 Rochester properties owned by Bob Morgan

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Erik and Renee Sundquist have won their eight year long battle with Bank of America illegally foreclosing on their home, reaching a $6M settlement. Oppenheim Law shares more here.

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Real Estate Owned or "REO," is a banking term used to describe a property that was acquired by a bank, lender or servicer as a result of a foreclosure or deed-in-lieu of foreclosure. Once the foreclosure or deed-in-lieu of foreclosure process is completed, the title has been transferred and the property is ready to be marketed, it will be available for sale through a local real estate agent.

Bank files to foreclose 5 Rochester properties owned by Bob Morgan Judge denies SEC’s attempt to freeze Bob Morgan’s assets Credit union moves to foreclose on Henrietta property owned by developer.

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