Pop vs soda - Bank owned vs. foreclosed vs. REO

What do you call the homes in your area being sold by the banks? I have been using the terms foreclosed home, bank owned home, and REO interchangably, but I don't know if that is right. I end up with a bit of confusion on my own REO search page where I sometimes title a link with REO and sometimes with foreclosed homes

I'm also very curious about any regional differences in usage of the terms. I wonder if we have the same pop vs. soda language difference with regard to homes that have been through the foreclosure process.

Please jump into the comments and tell me what's going on in your neck of the woods. I'll compile all the comments and make up an ActiveRain version of the chart above. If any of you wise AR folks know the history of why one term is preferred to another in your area, I'd love to hear that as well.

Here's a great map in more detail of the pop vs. soda distribution in the country on a county by county level.