BBVA Compass is a large regional bank based in the Sunbelt of the United States. BBVA Compass operates over 680 branches in the states of Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico. BBVA Compass Bank is one of the largest US commercial banks in the country. BBVA Compass Bank is a wholly owned subsidiary of BBVA, a global financial company with operations in Spain, Mexico and South America. The BBVA institution is over 150 years old.
In the course of the business operations, BBVA Compass originates mortgage loans for residential and commercial properties. If the owner of the property does not pay the mortgage not, the property will go into default. When faced with this situation, BBVA Compass Bank may foreclose on the property and institute bank ownership of the property. This type of property is known as REO or bank-owned.
BBVA Compass Bank utilizes the services of local real estate agents in helping to sell foreclosure properties. The agent, acting as a local listing broker, will list BBVA Compass Bank properties in the local MLS system. For information about the properties, buyers can contact the local listing agent or utilize their own agent (known as a buyer’s agent).
BBVA Compass Bank has developed a website online that provides details on their foreclosed properties. The site allows you to search for properties by price, location or radius as well as review mortgage payment for a purchase of the property. Find foreclosures from BBVA Compass Bank on their website here.