Keyword Analysis & Research: reo

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Frequently Asked Questions

What does Reo stand for in mortgage?

REO stands for Real Estate Owned properties, which get reclaimed by the bank or government agency which financed their mortgage after failing to sell at a real estate auction.

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 or other liquidation process, like a deed in lieu of foreclosure.

What is Reo occupied in real estate?

Answers. REO, real estate owned, means that the property is owned by a lender/bank, or possibly by government insurer, or possibly a government agency; a property becomes an reo after a fruitless attempt at a foreclosure auction...occupied could mean that the owner, or someone else for that matter, could still be living on the premises;

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