REO properties, commonly referred to as bank foreclosures, are homes that are bank-owned. After borrowers default on their home mortgage loans, lenders must buy back the properties at auctions to recover their losses. Obtaining REO properties is a great way to get a bargain on a new home or rental property. Bank-owned properties are usually sold at below-market prices.

When you're ready to buy ANY home in the Greater Columbia area, please contact Mel Coker. I will provide you with FREE buyer representation and valuable "comps" information, including previous purchase price and other important data.

Search Columbia, SC Home Foreclosures

Current HUD owned foreclosures
I will attempt to update the above link to HUD foreclosure properties every two weeks. Please check in often for updates.

Search Freddie Mac Foreclosures (HomeSteps.com)
Search Fannie Mae Foreclosures (HomePath.com)
Search VA Foreclosures
Search Wells Fargo Home Mortgage REO Homes
Search Bank of America Mortgage REO Homes
Search Countrywide Home Loans REO Homes
Search CitiMortgage REO Homes
Search BB&T Mortgage REO Homes
Search GMAC Mortgage REO Homes
Search SunTrust Mortgage REO Homes
Search Chase Mortgage REO Homes
Search Ocwen REO Homes

Contact MEL COKER to buy ANY home for sale in the Columbia area.

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Homeownership Calculators

ALL buyers should always be pre-qualified to present an offer to purchase real estate. Before making an appointment to see any home for sale in the Columbia area, please contact the mortgage professional of your choice for loan pre-qualification.
Mel's Recommended Mortgage Professionals

Frequently Asked Questions

What is a HUD Home?
A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
How are HUD Homes sold?
All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract. Should I get a home inspection?
We encourage you to get an inspection after your offer is accepted. All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.
What are REO homes?
REO properties, commonly referred to as bank foreclosures, are homes that are bank-owned. After borrowers default on their home mortgage loans, lenders must buy back the properties at auctions to recover their losses. Obtaining REO properties is a great way to get a bargain on a new home or rental property. Bank-owned properties are usually sold at below-market prices and may also have great terms like low down payments and low interest rates.

ONE-STEP to buying a home in Columbia, South Carolina:
Contact Mel Coker.

Keep Your Home. Know Your Loan.

In light of the economic conditions, including declining home values and the increase of resetting mortgage rates, many Americans are facing significant challenges that are attributing to the alarming rate of foreclosures. HUD-approved Housing Counseling Agencies can help homeowners navigate their financial challenges.

If you are...

Freddie Mac - Avoiding Foreclosure

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Mel Coker, Columbia SC Realtor

Mel Coker is a life-long Columbia resident and currently lives at Lake Murray in the Chapin area. Mel has been a top producer in Columbia real estate sales for many years and has been awarded membership in the RE/MAX Hall of Fame. Mel and his family enjoy Lake Murray boating and Caribbean travel.

Mel has been recognized by his peers and REALTOR Magazine for having an especially strong Internet presence in the Columbia real estate market. Mel's ColumbiaSouthCarolina.com website was an early pioneer website for Columbia, SC information having been established on April 28, 1997. It still is one of the top-ranked Columbia information websites (ahead of City of Columbia and slightly behind Columbia Official Visitor's Bureau) . Mel is the exclusive Columbia SC member of the CyberStars Real Estate technology group and is a featured Realtor at Zillow.

Mel's Internet websites:

Real Estate:
Columbia South Carolina real estate | MelCoker.com | Mel's RE/MAX website | Columbia MLS Search | GreatColumbiaSCHomes.com - MLS Search | Columbia Buyer's Guide | Mel's Real Estate Newsletter | ColumbiaBlog

Columbia (SC) area information:
ColumbiaSouthCarolina.com | ColumbiaSouthCarolina.us | Columbia-SC.net | Columbia Blog | Columbia CityBlogUSA | Lake Murray | Lake Murray Blog