Bankruptcy Short Sale Reo Foreclosure Are They Terms Of

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Posted on October 22, 2018 at 02:37 AM

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What is a Short Sale? What is a Foreclosure? What is an REO?
Real Estate Owned (REO) is a term frequently used by lending institutions as applied to ownership of real property acquired for investment or as a result of foreclosure. REO is property owned by a lender, usually a bank, after an unsuccessful sale at a foreclosure auction (Trustee Sale). The bank will then go
What does it mean when a property is REO? |
REO stands for "Real Estate Owned." If a property is REO, this means that the bank owns the property as the result of a foreclosure. At a foreclosure sale, the foreclosing bank can credit bid up to the total amount of the debt, plus foreclosure fees and costs, while any other parties must bid in ...
The Difference Between REO vs Short Sale vs Regular Sale!!!
While most savvy buyers and sellers are familiar with the differences between a regular sale, a short sale and a bank owned property (Real Estate Owned by the bank – REO), most are not familiar with all the intricacies involved in the selling/purchasing process.

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