TeachMeFinance.com - explain real estate owned (REO)
real estate owned (REO) -- real estate owned by a savings institution as the result of default by borrowers and subsequent foreclosure by the institution.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.