Ads
related to: real estate owned reo- First Time Home Buyer
Find Out Why 95% of Closed Clients
Would Recommend Us. Start Today!
- FHA Home Loans
Higher Loan Limits + Lower Rates.
Get Started Today!
- Buying a New Home?
Find Out How Much You Can Afford.
Get Started Today!
- Verified Approval
Gain Peace of Mind While You Shop
for a New Home!
- First Time Home Buyer
Search results
Results From The WOW.Com Content Network
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]
Bank-owned properties may also be referred to as real estate owned or REO homes, REO properties or simply REO. You might see a property listed with details like REO foreclosure, meaning a ...
An REO or Real Estate Owned property is a home that s been through the foreclosure process and is now held by the lending institution. When borrowers default on their monthly mortgage payments ...
What is an REO? REO stands for Real Estate Owned. It is actually short for Other Real Estate Owned (OREO), but that may have been too confusing with the cookie. Unfortunately, ...
A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. That inventory is called REO (real estate owned). In these situations, the owner/servicer tries to sell it through standard real estate channels.
Econohomes is a privately held company based in Austin, Texas, specializing in foreclosures. It's known as real estate owned properties (REO), and specialty financing across the United States. [1] [2] The company buys distressed residential properties wholesale and resells them online at prices under $100,000. Buyers are mostly made up of ...