According to Wikipedia, “Key Bank is a regional bank headquartered in Key Tower within Cleveland, Ohio’s Public Square. As of 2013, it is the 22nd largest bank in the United States based on total deposits. It is the 29th largest bank in the United States by total assets. Key Bank National Association is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency, Department of the Treasury. Key Bank has approximately 14,999 employees and a diverse client base. Key’s customer base spans retail, small business, corporate, and investment clients. There are 1,052 Key Bank branches, located in Alaska, Colorado, Connecticut, Idaho, Indiana, Kentucky, Maine, Michigan, New York, Ohio, Oregon, Utah, Vermont, and Washington, and 1,359 ATMs. Key Corp maintains business offices in 31 states. In 2008, Key was ranked 321 on the Fortune 500 list”.
With Key Bank’s dominating presence in nationwide consumer lending, they are also concurrently involved in the corollary repossession of bank owned cars, boats, and other vehicles from non performing loans. This also carries over to the real estate market where Key Bank has a massive portfolio of real estate owned (REO property) by Key Bank throughout the United States.
Being on the vanguard Key Bank has has developed an online portal for consumers who are interested in purchasing these orphaned assets directly from Key Bank at a discount.
Interested property investors and car and boat buyers can view the Key Bank repossessions by visiting the–Key Bank repo list.
Because of their vast knowledge base, purchasing directly from Key Bank in many cases might be easier than dealing with a private party seller. Users can search current listings for repo cars, boats, real estate within their own zip code and state with up-to-date inventory at their fingertips.
If you discover a bank repo boat, car or home that you’d like to purchase just contact a local Key Bank representative through the information provided next to the repo listing. They can give you current information and answer questions all the way through the purchasing process. As of now most of Key Bank’s online repo inventory is REO holdings, also known as real estate owned. Out of prudence, it’s always recommended to do any due diligence prior to submitting an offer. Feel free to contact your local mechanic or real estate guru to represent you in the transaction if needed.