Are you familiar with bank foreclosed properties? Foreclosure, also known as REO - real estate owned is a process in which the owner looses it's owership rights of the property and the bank - mortgage lender becomes an owner of the property. It is a termination of all rights of the homeowner covered by mortgage. Please view the list of all currently available foreclosure homes in Miami for sale and the area owned by the bank. For more information how to make an offer on a foreclosed house, please contact our office at 305.998.9922