What is the definition of REO

Question

asked Sep 7, 2023 231k views

2 Answers

Dan Watkins · Answer 1 · 2023-09-09T21:36:01+0000

Answer:

REO stands for real estate owned

Step-by-step explanation:

Real estate owned, a property owned by a lender because it failed to sell in a foreclosure auction after the borrower defaulted on their mortgage.

Chrismcg · Answer 2 · 2023-09-12T08:17:31+0000

Answer:

Real estate owned

Step-by-step explanation:

It is property owned by a lender, such as a bank, that has not been successfully sold at a foreclosure auction.