REO listings

Defining REO Properties and How to Buy Them

Posted by Wendy Poltorek // February 13, 2019 // Blog / Cleveland / Real Estate Investment / We Can Buy Your House // real estate owned properties / REO listings / REO Properties

REO PROPERTIES

Real Estate Owned Property, or most commonly known as REO Properties, is a property owned by a lender-usually a bank, government agency or government insurer – after an unsuccessful sale at a foreclosure auction.  It is the name given to foreclosed-upon real estate, such as detached houses, condominiums, townhomes and land, in a lender’s portfolio.  […]


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