Interested in Buying Real Estate Owned Property?

REO building

WHAT IS A REO? The acronym REO stands for “Real Estate Owned” property.  “REO” describes 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. Simply put a Lender/Bank extends financing on a house or commercial property.  When the Owner defaults or no …

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