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What does REO mean?
Posted on November 30th, 2011 by admin in REO
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Tags: auction Bank Owned bidding buy counter offer mortgage property Real Estate reo
This Post has No Comments
Tags: auction Bank Owned bidding buy counter offer mortgage property Real Estate reo
When real estate property payments are not paid, then the property is foreclosed upon by the bank or Mortgage Company the loan was made through. The property is then referred to as a REO, real estate owned property. If someone is in the market for a cheaper piece of...
