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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]
The United States Department of State (DOS), [3] or simply the State Department, [4] is an executive department of the U.S. federal government responsible for the country's foreign policy and relations.
OBO has its origins in the Foreign Service Buildings Commission, which was established in 1926 under the Foreign Service Buildings Act. This legislation granted the Secretary of State the authority to acquire by purchase, construction, or exchange sites and buildings in foreign capitals and other foreign cities; to maintain, repair, improve, and refurbish these properties; and to dispose of ...
By Diana Olick REO is one of those terms that you hear a lot lately but can't quite place. And for people of a certain age, it calls to mind a certain 1970s and '80s rock band. Alas, that's not ...
Bank-owned properties may also be referred to as real estate owned, or REO. ... You can also find institution-owned properties on government websites like the Department of the Treasury’s real ...
Diplopedia Logo. Diplopedia, [1] billed as the Encyclopedia of the United States Department of State, is a wiki running on a State internal Intranet, called "OpenNet".It houses a unique collection of information pertaining to diplomacy, international relations, and Department of State tradecraft.
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 ...
Each department is headed by a secretary whose title echoes the title of their respective department, with the exception of the Department of Justice, whose head is known as the attorney general. The heads of the executive departments are appointed by the president and take office after confirmation by the United States Senate , and serve at ...