What is a REO?
- professor566
- Jun 26
- 1 min read
REO (Real Estate Owned) Sales: These are properties that have been foreclosed upon and are now owned by the lender (bank or mortgage investor). Real Estate Licensees may work with these institutions to list, market, and sell these properties. REO transactions often have specific requirements and processes dictated by the lender.
Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com
REO is stands for Real Estate Owned. That represent the property which is foreclosed and now owned by the lender.
Rolling Tobacco in San Jose CA