what is an reo property: What Is An REO Property?
- 03/30/11 09:30 AM
What Is An REO Property?
R-E-O. Acronyms are great tools are they not? A simple way to economize words, right? For instance R-E-O is the acronym for "Real Estate Owned" in the real estate world. Brief and succinct. Now that clears everything up right?
Hmmm.... no, not really. What does "Real Estate Owned" mean to you and me? Isn't all real estate owned by someone? Well, don't try to make too much sense out of this acronym or the words behind it. REO in simple terms is a bank owned home. In most cases someone owned it; that someone defaulted on payments and the … (27 comments)
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What Is An REO Property? 
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