What Exactly is an REO?
Posted by William Doom in REO on 09 16th, 2008 | no responses
We’re glad you asked!
REO stands for ‘Real Estate Owned’. Basically it is a foreclosed property NOT to be confused with Short Sale.
The process of purchasing an REO is similar to a traditional transaction in many regards, however there are many points of interest to pay special attention to which will be highlighted in posts to follow…
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