What in the world does “REO” mean?
Posted: February 20, 2010 Filed under: Foreclosures | Tags: foreclosure, real estate owned, reo 1 Comment »REO stands for REAL ESTATE OWNED. A property that is called a REO has been through the foreclosure process and is owned by a bank, or some other financial entity.
[...] is no inventory; I put a REO property on the market in Fredericksburg Friday. A real gem; had to hold my breath when I went [...]