Tag: reo

By Posted on Posted in Foreclosures, Real Estate Tagged with , , , , , , , , , , , , , , , , , , , , , , ,

Foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 313,487 U.S. properties in the first quarter of 2015, down 7 percent from the previous quarter and down 8 percent from the first quarter of 2014 to the lowest quarterly total since the first quarter of 2007, according to the recently released March 2015 U.S. Foreclosure Market Report™. There were a total of 122,060 U.S. …

Quarterly Foreclosure Activity Drops to Lowest Level In Eight Years Read more »

By Posted on Posted in Foreclosures Tagged with

REO stands for “Real Estate Owned” and is the term that the mortgage holder uses to identify homes that they have foreclosed on and they are holding in their inventory. These “REO listings” are held in the banks inventory for as short a period of time as possible because a Bank or lending institution does not want to own Real Estate and until recently, rarely …

REO listings are nothing more than foreclosure that are using a less known acronym. Read more »