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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Drygulch Dan who wrote (92635)10/22/2007 4:19:44 PM
From: MulhollandDriveRespond to of 306849
 
property which is in the possession of a lender as a result of foreclosure or forfeiture

you know, because of borrowers who were unable to ride the storm out

:)

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or

electronic, if you prefer

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To: Drygulch Dan who wrote (92635)10/22/2007 4:37:17 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
Lender owned (usually foreclosed).



To: Drygulch Dan who wrote (92635)10/22/2007 7:30:31 PM
From: Sr KRespond to of 306849
 
REO = Real Estate Owned (by a lender, usually a bank)