Meaning real estate owned
What does real estate owned mean? Here you find 6 meanings of the word real estate owned. You can also add a definition of real estate owned yourself
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real estate ownedDefinition REO. Property which is in the possession of a lender as a result of foreclosure or forfeiture.
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real estate ownedA term used by lending institutions as applied to ownership of real property acquired for investment or as a result of a foreclosure.
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real estate ownedReal estate owned is a lender's portfolio of properties that failed to sell at foreclosure auctions. Once the property fails to sell at the auction, the lender must try to sell it on the real est [..]
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real estate ownedA property owned by a lender after foreclosure (also, "bank owned").
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real estate owned
Real estate owned by a forecloser.
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real estate ownedProperty that has been foreclosed and usual failed to sell at a real estate auction. As a result, the bank (or government agency), own the property.
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