An REO is real estate owned by the bank. The term REO can be defined as a specific type of property, but in real estate this acronym actually indicates that the property in question has been foreclosed on and has been taken back by the mortgage lender or trustee.

Over the past few years, buying REO foreclosures has gone though a dramatic change and has witnessed a steep rise in sales. In comparison to other forms of real estate investments, bank foreclosuresRead More ]