REO

Definition

Use REO in a sentence

The bank is worried that the REO acquired will not return as much as was lent due to the state of the property.

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The property was rREO, which meant that it did not belong to us, but belonged to the real estate company instead.

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When my wife and I bought our house, we opted to buy a house that a bank had foreclosed upon and that was currently a REO property.

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