Bank Owned One family home for sale in Stowell. Listing start date: 3/8/2016, Build in: 1982, Acreage: 6.24, Square feet: 1469, Bedrooms: 3, Bathrooms: 1.5, Amenities: Deck/Patio, Other structures: Detached 1 Car Garage. Bank owned becomes when the home failed to sell at an auction, and the lien holders of the home are paid off through private mortgage insurance or end up taking a loss on the investment. These homes are also known as REOs (reo).