bank foreclosure: REO not-Speedwagon
- 09/30/16 03:56 AM
Most likely you have heard the term REO and know that that it refers to a foreclosed or bank owned property. You also probably know that it stands for “Real Estate Owned”. There is a pretty good chance that the thought process ended there and went no further.
If it did go further, you would realize that the term REO makes no since. Real estate owned? Owned by who? All real estate is owned. This real estate just happens to be owned by the bank.
If we back up just a bit and look where this REO came from, it makes a little … (0 comments)
;)
;)
