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Bank-owned properties may also be referred to as real estate owned, or REO. You can find bank-owned properties through sources like banks' online listings or RealtyTrac.
REO sale property in San Diego, California. 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]
With a more robust database of foreclosure data including notice of default (NOD), notice of trustee's sale (NTS) and bank-owned (REO) information in nearly 3,000 US counties, RealtyTrac secured its place in history as pioneers of online foreclosure information.
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
What is an REO? REO stands for Real Estate Owned. It is actually short for Other Real Estate Owned (OREO), but that may have been too confusing with the cookie. ... the lender then has to list it ...
Foreclosure suit targets properties owned by Santa Fe real estate magnate ... one accusing the couple of defaulting on a $2.8 million bank loan and another seeking to collect a balance of more ...
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