Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.
When a lender cannot sell a default property in a short sale or at a foreclosure auction, it becomes Real Estate Owned (REO). REO refers to a home or other property now owned by a lender— that could ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback