2006-11-09 03:07:12 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It means Real Estate Owned. In the application process, it refers to any deeded property the applicant ownes along with its corresponding information - address, type of property, use of property, value, balance owed, monthly payment, and taxes and insurance.
In the servicing side of real estate, mortgage companys use the term REO for properties they have foreclosed upon, and now have converted into their name. Real estate they own.
2006-11-09 03:13:08 · answer #1 · answered by abcdgoodall 4 · 3⤊ 0⤋
real estate owned.. used by bank when they have foreclosed on homes.
Reading the 'industry standard line' one would think the 'Hot' real estate markets of '05 are just 'returning to normal' or in a 'mild correction'. Truth, as far as San Diego CA is concerned is that in many areas the value drop is already into double digits!
For San Diego real estate, (and many other of the past super heated real estate cities)the major down turn will not occur until mid 2007. Better put on your seatbelts...it's going to be a big drop!
If you are considering investing in real estate or when to sell a
current real estate investment, this real estate blog should be a MUST READ!
Other real estate sites are also noted below:
http://www.brokerforyou.com/brokerforyou
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
http://www.san-diego-for-sale-by-owner.com
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://www.brokerforyou.com/san-diego-real-estate-sales.html
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com
2006-11-11 01:28:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It was a ternm coined in the eighties real property that lenders have taken back by way of foreclosure
2006-11-09 16:02:24 · answer #3 · answered by ang 1 · 0⤊ 0⤋
real estate owned
2006-11-09 03:10:32 · answer #4 · answered by strtat2 5 · 0⤊ 0⤋
I believe it's a relocation sale...meaning the owner is moving or being transferred by his employer. They want a quick turn around time.
2006-11-09 03:10:37 · answer #5 · answered by lisa46151 5 · 0⤊ 0⤋