John Rodriguez 12 years ago
REO Properties

REO properties are also known as Real Estate Owned properties, they are a type of property owned by a lender after a repossession and auction process. Properties become REO properties after their ownership transfers from the original owner to the lending agent, usually due to failure to make mortgage payments. Below are some  facts about REO properties. 

What Makes a Property an REO Property? A property is considered REO if it has been repossessed by the lending...
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