REO. Property which is in the possession of a lender as a result of foreclosure or forfeiture.
Mortgaged property acquired by a servicer on behalf of the mortgagee, through foreclosure or Deed in Lieu of Foreclosure.
All real estate directly owned by a lender, including real estate taken to satisfy a debt. Includes real estate acquired by lenders through foreclosure, or in settlement of any other obligation to the lender.
Properties acquired by lenders through foreclosures or deeds in lieu of foreclosures.
Property acquired back by the lender after it has gone to auction.
property acquired by a lender through foreclosure and held in inventory. Commonly referred to as REO.
Real estate owned by a savings institution as the result of default by borrowers and subsequent foreclosure by the institution.
Property a lender acquires as the result of foreclosure.
A term used by lenders to refer to properties acquired through foreclosure.
Property acquired by a lender as the result of foreclosure.
Property acquired by a lender, through foreclosure, which is held as inventory.
(REO). A term frequently used by lending institution as applied to ownership of real property acquired for investment or as a result of foreclosure.
REO The term used to describe real property collateral to which title has been taken back by the mortgagee (trust by way of beneficial ownership) through foreclosure or deed in lieu of foreclosure.
