Real estate blog entries tagged with st clair shores reos by Mike Mitchell - REALTOR® - St. Clair Shores, MI (GMAC Real Estate The Kee Group)

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st clair shores reos: What the Heck are REO'S? - 10/26/07 04:54 PM

What are REO's
I hear that quite often from people, REO stands for Real Estate Owned. It is an industry term, for a bank owned foreclosure. An REO has already gone through the foreclosure process, is owned by the bank and usually back on the market. Basically REO = Bank Owned Home. … (4 comments)

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Mike Mitchell - REALTOR® - St. Clair Shores, MI

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