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Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger. NBC Universal 2 months ago The housing ...
Loxahatchee is located within the Indian Trails Improvement District and the Loxahatchee Groves Water Control District. Lion Country Safari , a drive-through safari park , is located in Loxahatchee. The state of Florida approved the incorporation of part of Loxahatchee, as the Town of Loxahatchee Groves , in 2006, which became the 38th ...
Loxahatchee National Wildlife Refuge, Florida Topics referred to by the same term This disambiguation page lists articles associated with the title Loxahatchee .