Easy Question: What Does The Acronym REO Stand For?

I know REO referes to properties that lending institutions have had to take back..but I don't know what the REO stands for. Help me out here please.

Comments(4)

  • jackman4th December, 2003

    REO = Real Estate Owned
    your idea of what it is, is correct.

    I've also heard it called (B)ORE for (Bank) Owned Real Estate.

  • joefromphilly4th December, 2003

    REO? Aren't they a musical group from the 80's?

    Oh, yeah, I forgot. That was REO Speedwagon. oops.

  • jamespb4th December, 2003

    Usually the answer is "real estate owned." I've also heard that it's "real estate, other" which is what accountants call the real estate owned by the bank after a foreclosure. "Other" to distinguish it from productive, useful real estate (branches, that sort of thing) on the books.

  • DaveT4th December, 2003

    Quote:Help me out here please.MWI509,

    I you need assistance with other abbreviations, check out the TCI abbreviations and acronyms encyclopedia.

    http://www.thecreativeinvestor.com/modules.php?name=Tools

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