REO (Real Estate Owned ) is property that institutions are forced to hold when a loan that they either issued, purchased, or became legally responsible for was foreclosed on. Generally speaking, an increasing REO inventory indicates increasing foreclosure activity.
REO homes, also known as bank foreclosures , are real estate properties that are owned by [...]

REO (Real Estate Owned ) is property that institutions are forced to hold when a loan that they either issued, purchased, or became legally responsible for was foreclosed on. Generally speaking, an increasing REO inventory indicates increasing foreclosure activity.
REO homes, also known as bank foreclosures , are real estate properties that are owned by [...]