FI_Keybank

KeyBank Foreclosure Listings

Keybank is a regional bank located in Cleveland, Ohio.  Keybank is a large bank with total deposits of almost $93 billion as of the end of 2013.  Keybank is a publicly traded company under the stock symbol KEY (on the NYSE).  Keybank has over 1,000 branches and over 14,000 employees.  Keybank has branches located in 14 states.

Keybank originates residential mortgage loans.  When mortgagors default Keybank forecloses on the property.  The bank does however take action to try to prevent foreclosure by working with borrowers to extend information on state specific programs and counseling that is available.

Keybank’s foreclosed properties are owned by KB OREO, LLC. and PARTREO, LLC which are wholly-owned subsidiaries of KeyBank.  KeyBank terms their foreclosure properties as Other Real Estate Owned (OREO).  The foreclosures are owned by a separate entity.  Keybank employees and employees of the managing entities are not able to purchase a Keybank foreclosed property.

Keybank maintains a website of their available foreclosed properties.  Keybank also uses local real estate agents to market their inventory of properties.  You should be able to locate Keybank foreclosed properties in the local MLS system.  You can access the Keybank foreclosure website at this link.

Author:  TJ-Google+

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