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2. Bank-owned properties: What are they and where can I ... - AOL

   www.aol.com/finance/bank-owned-properties-where...

   A home becomes a bank-owned property after the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned or REO homes, REO ...

3. National Community Stabilization Trust - Wikipedia

   en.wikipedia.org/wiki/National_Community...

   The Stabilization Trust serves as a bridge between financial institutions and localities by streamlining and standardizing the process of transferring bank-owned foreclosed properties – commonly known as Real Estate Owned (REO) – to local government and nonprofits. [14] The Stabilization Trust accomplishes this goal in two ways:

4. Clayton Homes - Wikipedia

   en.wikipedia.org/wiki/Clayton_Homes

   Clayton Homes (or Clayton) is the largest builder of manufactured housing and modular homes in the United States. [ 1 ] [ 2 ] It is a wholly owned subsidiary of Warren Buffett's Berkshire Hathaway . [ 3 ]

5. Real estate owned - Wikipedia

   en.wikipedia.org/wiki/Real_estate_owned

   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]

6. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   When the remaining mortgage balance is higher than the actual home value, the foreclosing party is unlikely to attract auction bids at this price level. 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 ...

7. What Is an REO? - AOL

   www.aol.com/news/2013-03-15-reo-bank-owned-home.html

   The banks repossessed millions of homes, listing them as REOs. Today, as investors look to buy these homes and turn them into rentals , the term REO-to-rent has become quite common.