Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are REOs?

April 26, 2017REO

0

10 Posted

What are REOs?

1 Answer

0

10 Posted

• REO’s are bank owned and not subject to the Home Equity Sales Act • REO’s are bank inventory and often will be discounted substantially more than borrower owned property • REO’s ordinarily do not require the same disclosures as a borrower owned property 3.