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What is the definition of REO
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29 votes
29 votes
What is the definition of REO

User Vinee
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2 Answers

29 votes
29 votes

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.

User Ron Deijkers
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2.8k points
21 votes
21 votes

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.

User Danyowdee
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3.2k points
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