Dictionary

Greetings fellow Rainers!!! 

I'm just taking a break from my rather hectic day.  For kicks, I thought it would be fun to start some sort of chain type thread just to see how long we could keep it going before we ran out of things to add.  So my topic of choice is REO TERMINOLOGY. 

Why?  Maybe because in my neck of the woods it's all you hear about.

It's kind of corny I know, but with so many experts in the field I thought we could have fun, challenge ourselves, learn from one another or perhaps stump a few.

I'll go first -- REO (Real Estate Owned) - Property which is in the possession of a lender as a result of foreclosure or forfeiture.

I know, I know...I took the easiest one.  What else did you expect me to do???  Just kidding.  Anyway...chime away.  Anyone have some good ones to stump the rest of us???

 

2 Comments on REO Terminology

DEC
20
2007
 CFK= Cash For Keys
6:19pm • #1

addendum or addenda..these are the forms that you will need to make your clients offer complete. Be sure to call the listing agent so that you have a complete package when you and your buyer write an offer. Nothing will kill your deal quicker than missing or incomplete REO  addenda.

 

Brian Corwell

Sterling, Illinois REO
7:32pm • #2

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Tracy Nicole Hamilton, Realtor®, Elk Grove CA, Sacramento, CA

Elk Grove, CA

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Sweet Homes

Address: 4794 Duckhorn Drive, Sacramento, CA, 95834

Office Phone: (916) 730-8671

Cell Phone: (916) 949-1075

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I believe that knowledge is power. Since I am constantly evolving in the bettering of myself, I feel compelled to share the lessons that I have learned along the way. These lessons may or may not involve Real Estate, but I am sure they will help someone, on some level, at some point in life. As we all know, we can't stop "life" from happening to us, but we can prepare ourselves to RESPOND rather than REACT to "life" situations. And how do we do that? By educating and equipping ourselves.


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