Yes. Many HUD homes are eligible for FHA, VA, or conventional financing. Renovation-friendly products may also be available depending on property condition.

No. Both first-time and repeat buyers can purchase, subject to occupancy rules during owner-occupant priority windows.

Yes. Your bid must be submitted by a HUD-registered real estate agent. We can connect you with a qualified representative.

REO stands for "Real Estate Owned" and refers to properties that have been taken back by a lender (typically a bank or financial institution) after an unsuccessful foreclosure auction. When a homeowner defaults on their mortgage and the property fails to sell at foreclosure auction, it becomes bank-owned or REO property. These properties are then sold through real estate agents like CalREOServices.com to recover the lender's losses.

Foreclosure is the legal process by which a lender takes possession of a property when the borrower fails to make mortgage payments. The process typically begins after several missed payments and can result in the property being sold at public auction. If the property doesn't sell at auction, it becomes an REO property owned by the bank or lending institution.

CalREOServices.com, powered by The Iuliucci Team of Keller Williams Realty, partners directly with banks, financial institutions, hedge funds, and asset management companies to manage their REO portfolios throughout California. We provide comprehensive services including property valuation, marketing, maintenance coordination, transaction management, and sales execution. Our team acts as the bridge between institutional clients and buyers, ensuring efficient disposition of assets while maximizing recovery for our institutional partners. We're part of KW Default Solutions, giving us nationwide reach and institutional-grade systems.

When you purchase through CalREOServices.com, you benefit from our 36 years of experience and proven track record of over 15,000 homes sold. Our extensive experience means we understand the complexities of REO and foreclosure transactions, can guide you through potential challenges, and have established relationships with lenders that can streamline the buying process. We offer access to properties throughout California, expert negotiation, comprehensive market knowledge, and professional guidance from initial search through closing. Our institutional relationships often give buyers access to properties before they hit the general market.

We provide REO services throughout California, from San Diego to the Bay Area, covering over 25 counties including Orange, Los Angeles, Riverside, San Bernardino, San Diego, Sacramento, Santa Clara, Alameda, and many more. We have multiple Keller Williams offices strategically located throughout the state to ensure comprehensive coverage.

We offer comprehensive REO management, loss mitigation and short sale assistance, property valuation services, HUD home purchases, corporate real estate management for institutions, property marketing and sales, maintenance coordination, and transaction management from listing through closing.

Our team has 36 years of experience in the real estate industry, specializing in REO, foreclosures, and distressed property sales. We've successfully sold over 15,000 homes throughout California, establishing ourselves as one of the premier REO service providers in the state.